Johnson & Johnson may rise to 153.00 - 155.00

Our pivot point stands at 142.

Our preference

Short term rebound towards 153.

Alternative scenario

The downside breakout of 142 would call for 138.5 and 136.5.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the share stands below its 20 and 50 day moving average (respectively at 146.557 and 148.0632).

Supports and resistances

157.1 **

155 *

153 **

150.9

145.69 (USD-last)

143.4

142 **

138.5 *

136.5 **

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