Johnson & Johnson: ⬆️ Buy
– Johnson & Johnson broke resistance level 250.00
– Likely to rise to resistance level 260.00
Johnson & Johnson recently broke the resistance level 250.00 (which stopped the previous impulse waves (5) and (B)).
The breakout of the resistance level 250.00 coincided with the breakout of the resistance trendline of the daily up channel from May.
Given the strong daily uptrend, Johnson & Johnson can be expected to rise to the next resistance level 260.00 – forecast price for the completion of the active impulse wave (3).