Johnson & Johnson may rise to 163.40 - 165.60

Our pivot point is at 151.2.

Our preference

The upside prevails as long as 151.2 is support.

Alternative scenario

Below 151.2, expect 147.3 and 145.2.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 148.848 and 148.5598).

Supports and resistances

167.9 **

165.6 *

163.4 **

161

154.69 (USD-last)

152.6

151.2 **

147.3 *

145.2 **

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