lauralea

Ascending Triangle

NYSE:JNJ   Johnson & Johnson
This triangle has broken to the upside.
Top line is flat and bottom line slopes up.
Overbought with RSI set on 70. Mine is set on 80.
Target for triangles are often measured using the back, or the wide end.
T1 has been met.
Possible pullback on the horizon.
Unhealthy looking candle today similar to a shooting star or even a gravestone Doji.
This candle has a long top wick and today's high is at the top of that wick. The bulls were unable to hold that high for now and the bears beat them back down.

No recommendation
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