The breakout of Jpmorgan Chase & Co. through the support line of a Rising Wedge could be a sign of the road ahead. If this breakout persists, we expect the price of Jpmorgan Chase & Co. to test 154.79 within the next 12 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing support twice in the past, Jpmorgan Chase & Co. has finally broken through. Can we expect a bearish trend to follow?
