JP MORGAN CHASE & CO. - JP Morgan Chase and Co - 01/11/2024 (GMT)

JP Morgan Chase and Co. (JPM) is the leading investment bank in the United States and sets the tone for the financial sector. Earnings for JPM will be released on Friday, January 12. The company was consistently outperforming its guidance in 2023, so it has a clear bullish directional bias from the market.
However, to sustain an intermediate-term trend, it might pull back to the dynamic support area of 157-167 first, as shown at the chart below. The price area of 190-200 may serve as a target area. However, it’s extremely difficult to correctly predict targets in the bull markets, as price may easily advance further than expected.