The bullish sentiment for Johnson & Johnson (US: JNJ) is especially strong after it breaks the main resistance of 144.98 in 20th Dec 2019. Based on the technicals, the stock will continue to rally beyond 150.00.
*Timeline of the technical call for JNJ is between 1-2 weeks.
*The resistance level at 144.98 remains a strong resistance and should it be broken; the confidence of a bullish rally will be ensured.
CHART LEGENDS
Bollinger bands
Standard deviation = 2
Red dotted line = Upper Bollinger band
Blue dotted line = Middle Bollinger band
Green dotted line = Lower Bollinger band
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