Timonrosso

Johnson and Johnson preparing for a run up

NYSE:JNJ   Johnson & Johnson
Inv H&S in the making
Price should come down first to test the level of support (RS) then shoot up to $176.00.
RSI also should drop a bit before breaking the downtrend.
Concerns:
Price is <200MA and the 21>7 - Bearish...
Bias - Neutral with hopeful bullish setup later on

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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