The breakout of Jpmorgan Chase & Co. through the 158.29 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 155.46 within the next 15 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.
After testing 158.29 numerous times, Jpmorgan Chase & Co. has finally broken through. Can we expect a bearish trend to follow?
