$JNJ - Head & Shoulder watch 156 possible$JNJ has formed head and shoulder.
If the neckline 161 breaks, we could see 156 before attempt for a reversal.
good case - reverse from 161
bad case - 156
worst case - 150
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
