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Big movement expected on Johnson & Johnson after a breach of the support

Johnson & Johnson has broken through a support line of a Triangle and suggests a possible movement to 166.17 within the next 15 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 15 days.

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We expect a $295.724 movement on GF within 4 hours following the event release at 16 Jul 12:30.

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