Johnson & Johnson may fall to 152.00 - 153.70

Our pivot point is at 162.6.

Our preference

The downside prevails as long as 162.6 is resistance.

Alternative scenario

Above 162.6, look for 165.5 and 167.3.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 162.9395 and 162.5042).

Supports and resistances

167.3 **

165.5 *

162.6 **

161.4

159.69 (USD-last)

155.5

153.7 **

152 *

150 **

Number of asterisks represents the strength of support and resistance levels.