In addition to the trend lines, JPM is moving above its moving averages each week.  I think the 200 day moving average could act as a floor to the downside in the near term giving the potential for more gains a little more credibility.  The 50 day moving average has held support the past couple of days which adds to the bullish picture.  The bears might point to the 100 day moving average which is still a solid hurdle for JPM to deal with.  Within the next few days we’ll see if the short trading channel continues to work for JPM or if the 100 day moving average offers more resistance than the trend lines can handle.