The daily chart for JNJ is potential printing a bearish continuation pattern where traders could look to take advantage of the downside on:
1. A break below 130.35 or,
2. A break below the incline support of the pennant.
A print and close below these levels could see the share test the prior swing lows of $120.96
1. A break below 130.35 or,
2. A break below the incline support of the pennant.
A print and close below these levels could see the share test the prior swing lows of $120.96
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.