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JPM Acts Well Technically, and Could Be On The Verge of Upside Acceleration


Monday May 4th, 2015
JPM Acts Well Technically, and Could Be On The Verge of Upside Acceleration
by Mike Paulenoff www.MPTrader.com

JPMorgan Chase & Co. (JPM) is pushing up against its 14-month resistance line-- also the upper-boundary line of the of its 14-month sideways channel, which if hurdled and sustained, should trigger upside continuation that projects next towards 68.00.

With 10-year YIELD also pushing higher, towards a confrontation with its next serious resistance zone in the vicinity of 2.30%, there appears to be more upside room for the big money center banks in general, and for JPM in particular.

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