Johnson & Johnson is heading towards the support line of a Channel Up. If this movement continues, we expect the price of Johnson & Johnson to test 141.01 within the next 5 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
Johnson & Johnson is quickly approaching the support line of a Channel Up. We expect either a breakout through this line or a rebound.
