This bullish triangle has a measured move of 5% and above from today's close price. If you decide to take a long position, make sure you use a tight stop loss at recent swing low 69 area. Join us www.woowtrading.net
Last channel up bearish pattern failed to achieve its destination, but still valid due to time left to complete the cycle. Now, there is a bullish flag formation that may not yet confirmed but upside has a better room than downside now. If u are option trader, you can join us www.woowtrading.net
Johnson & Johnson (JNJ) is poised for a move up out of this consolidation, triangle formation.
Upside potential 10% or so, based on the last two rallies. Downside risk to $61 or 4%.
