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.

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

Next EURNZD Wave Analysis – 24 April, 2020 »

Previous « FxPro Daily Insight for April 24

Published by

The FxPro Tech Analysis Team

Tags: JNJ

6 years ago

The funeral for Gold has been postponed
The Supreme Court, with its scepticism about the legality of tariffs, has allowed the shiny…
Crypto bulls fail to maintain momentum
Crypto market stabilises after decline; Bitcoin rebounds but faces pressure. Mixed investor sentiment and notable…
Verbal interventions do not help yen
The weak yen and euro boost the USD, as central banks remain cautious and global…