Market Snapshots

Johnson & Johnson Wave Analysis – 07 April, 2020

Johnson & Johnson Wave Analysis – 07 April, 2020
  • Johnson & Johnson under bullish pressure
  • Likely to rise to 143.40

Johnson & Johnson has been under bullish pressure recently after the earlier sharp upward reversal form the from the support area located between the round support level 110.00( which started the weekly uptrend in 2016) and the lower weekly Bollinger Band.

The upward reversal from the aforementioned support area started active long-term upward impulse sequence III.

Johnson & Johnson is likely to rise further toward the next resistance level 143.40 (former monthly high from March).

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