Technical Analysis – JP Morgan stock posts fresh 9-month high ahead of Q4 earnings
Posted on January 11, 2023 at 3:12 pm GMTJP Morgan’s stock had been trending downwards for the biggest part of 2022, generating a profound structure of lower highs and lower lows. However, the share price has been attempting a strong rebound after finding its feet at the two-year low of 101.50 in mid-October. The momentum indicators currently suggest that buying pressures are intensifying. Specifically, the MACD histogram is strengthening above both zero and its red signal line, while the RSI is pointing upwards near the 70-overbought zone. In [..]