Johnson & Johnson may rise to 163.40 - 166.30

Our pivot point is at 150.

Our preference

The upside prevails as long as 150 is support.

Alternative scenario

Below 150, expect 145.3 and 142.3.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 149.6075 and 152.3298).

Supports and resistances

169.1 **

166.3 *

163.4 **

160.6

154.64 (USD-last)

151.9

150 **

145.3 *

142.3 **

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