andrewdunlap

JPM Set to Bounce After Earnings

NYSE:JPM   JP Morgan Chase
JPM reached a support level consistent with a trend line dating back to June 2017 and RSI just dropped below 30 - indicating oversold conditions. In addition - JPM is set to benefit from increased interest margin. JPM will also increase it's share buyback program following earnings, which will increase volume and the likelihood of a price increase.

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