Categories: Technical analysis

Johnson & Johnson Wave Analysis 31 May 2024

– Johnson & Johnson reversed from support level 144.00

– Likely to rise to resistance level 150.00

Johnson & Johnson recently reversed up with the daily Doji from the pivotal support level 144.00, which has been reversing the price from the middle of April.

The support level 144.00 was strengthened by the intersecting lower daily Bollinger Band.

Given the strength of the support level 144.00 and the oversold daily Stochastic, Johnson & Johnson can be expected to rise further to the next resistance level 150.00 (target for the completion of the active minor wave b).

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.

Share
Published by
The FxPro Tech Analysis Team

Recent Posts

GBPUSD Wave Analysis 27 December 2024

- GBPUSD reversed from support level 1.2495 - Likely to rise to resistance level 1.2625…

10 hours ago

EURUSD Wave Analysis 27 December 2024

- EURUSD reversed from powerful support level 1.0350 - Likely to rise to resistance level…

10 hours ago

WTI Wave Analysis 26 December 2024

- WTI broke daily Triangle - Likely to rise to resistance level 70.90 WTI crude…

1 day ago

AUDUSD Wave Analysis 26 December 2024

- AUDUSD reversed from resistance level 0.6270 - Likely to fall to support level 0.6200…

1 day ago

Nasdaq 100 Wave Analysis 23 December 2024

- Nasdaq 100 reversed from strong support level 21000.00 - Likely to rise to resistance…

4 days ago

USDJPY Wave Analysis 23 December 2024

- USDJPY reversed from key support level 156.35 - Likely to rise to resistance level…

4 days ago

This website uses cookies