JPMorgan shares fell 1.18%; Still potential to reverse the trendJPM - JPMorgan shares fell on Tuesday's trades but bounced back at 107.34 and closed at 108.56 still down but reduced its losses to 1.18%
JPM is another oversold bank stock which has starting to show some sign of a potential change of price direction to the upside. Share prices currently have a double bottom price formation and a higher low in its price action. This indicates to me; share prices could make a full turn to the upside if it breaks and holds above 109.80.
JPM shares could head back up to retest 109.80 if it holds above 108.30 support level.