The breakout of Johnson & Johnson through the 164.84 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of Johnson & Johnson to test 169.62 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing 164.84 numerous times, Johnson & Johnson has finally broken through. Can we expect a bullish trend to follow?
