Johnson & Johnson is neutral

Pivot

135.00

Our preference

Long positions above 135.00 with targets at 168.00 & 180.00 in extension.

Alternative scenario

Below 135.00 look for further downside with 121.00 & 110.00 as targets.

Comment

The RSI broke above a declining trend line.

Supports and resistances

186.00 **

180.00 **

168.00 ***

161.25 Last

135.00 **

121.00 **

110.00 **

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