Johnson & Johnson Wave Analysis – 24 April, 2020

• Johnson & Johnson broke pivotal resistance level 153.80
• Likely to rise to 160.00

Johnson & Johnson recently broke above the pivotal resistance level 153.80 (former multi-month high from the start of February)

The breakout of the resistance level 10.00 strengthened the bullish pressure on Johnson & Johnson – accelerating the active medium-term impulse sequence (5).

Johnson & Johnson is expected to rise further toward the next resistance level 160.00. Strong support now stands at the aforementioned price level 153.80.