JP Morgan Chase (JPM stock): If earnings expectations are surpassed, the price could move towards $137
|Today’s instrument is the JPMorgan Chase & Co‘s stock traded on the NYSE exchange under the ticker JPM.
When we look at the JPM ‘s chart, we can see its fall from the $133 range down to $128.8 on the 8th of April, and the immediate rebound back up to the $131 range. In the following days, it managed to slowly climb to the $133 range, reaching as high as $135 and it was last found trading at $131.65.
JPMorgan Chase & Co has scheduled a quarterly earnings announcement today 13/04/2022. If earnings expectations are surpassed, we could expect the price to move upwards, towards $137.
Today we can expect a move towards and above $135 closest temporary resistance level.
If, however, it doesn’t manage to hold on to the current level then a move towards the $128.8 closest support level can be expected.
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