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JOHNSON AND JOHNSON: Re-accumulation is targeting $175.JNJ is neutral on its 1D technical outlook (RSI = 49.991, MACD = -1.040, ADX = 18.184) as it's only trading around its 1W MA50 but having made an impressive rebound 4 weeks ago inside the Demand Zone. This is the 4th time this Demand Zone provided a rally and the last one even crossed over the 3 year LH trendline that kept the stock on a downtrend since 2022. The breakout confirmed the emergence of a HH trendline which is taking the stock on a new multiyear bullish path. We expect at least one more high on the HH before the end of the year (TP = 175.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NYSE:JNJLong
by InvestingScope
Johnson&Johnson: Rejected AgainJohnson&Johnson has now been rejected at the $168.75 resistance level for the second time, pulling back more noticeably in response. However, in our primary scenario, we still expect an imminent breakout above this level, which should allow the turquoise wave X to establish its high well above it. Afterward, the turquoise wave Y should drive the stock sharply lower again, as we anticipate the low of the larger green wave in the corresponding long Target Zone between $138.78 and $125.75. That said, reaching this Zone is not a certainty. There remains a 35% chance that the low of the green wave alt. is already settled. Under this alternative scenario, the stock would break through $168.75 without resistance and continue its impulsive move higher.
NYSE:JNJ
by MarketIntel
JNJ has bottomed and can rise by +50%Johnson & Johnson gives a very clear idea of its trend on the 1M timeframe. The price may be under the 1D MA50 but has reached the bottom of the multi year Channel Up that started at the bottom of the 2008-2009 crisis. Being neutral on the 1M technical outlook (RSI = 45.714, MACD = -1.180, ADX = 20.525) has historically been one of the best buy opportunities, in fact the stock has grown by at least +53.04% three time during that time span. We shouldn't also ignore the fact that the 1M MA100 is still holding and has been doing so since June 2012. We are aiming long term for at least +53.04% again (TP = 220.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NYSE:JNJLong
by InvestingScope