1 mins read
Johnson & Johnson: ⬇️ Sell
– Johnson & Johnson reversed from resistance level 280.00
– Likely to fall to support level 263.50
Johnson & Johnson recently reversed down from the resistance zone between the round resistance level 280.00 (which stopped wave 1 at the start of September), the upper daily Bollinger Band and the resistance trendline of the daily up channel from May.
The downward reversal from this resistance zone completed the impulse wave i and started the short-term correction ii of the impulse wave 3 from the middle of October.
Given the strength of the resistance level 280.00, Johnson & Johnson can be expected to fall further toward the next support level 263.50 – which stopped wave a in the middle of September.
Source: https://fxpro.news
