Johnson & Johnson: ⬆️ Buy
– Johnson & Johnson broke resistance zone
– Likely to rise to resistance level 290.00
Johnson & Johnson recently broke through the resistance zone between the resistance level 274.00 and the resistance trendline of the weekly up channel from January.
The breakout of this resistance zone accelerated the active impulse waves 3 and (3).
Given the strong daily uptrend, Johnson & Johnson can be expected to rise further to the next resistance level 290.00 – target price for the completion of the active impulse wave 3.