Johnson & Johnson has broken through a line of 172.42 and suggests a possible movement to 169.86 within the next 2 days. It has tested this line numerous times 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 35 days.
Related Posts
TSLA hits 345.7600 after a run of 6 consecutive 4 hour candles spanning 3 days.
For those of you that don’t believe in trends, this may be an opportunity to take advantage of…
BRK.B seems to be on its way to support – a possible opportunity?
BRK.B is approaching a support line at 498.3200. If it hits the support line, it may break through…
AVGO formed a Channel Up on the 1 hour chart. Retest of resistance in sight.
A Channel Up pattern was identified on AVGO at 243.165, creating an expectation that it may move to…