The breakout of Jpmorgan Chase & Co. through the 150.33 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, Jpmorgan Chase & Co. could test 143.40 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
After testing 150.33 numerous times, Jpmorgan Chase & Co. has finally broken through. Can we expect a bearish trend to follow?
