Johnson & Johnson may rise to 172.00 - 175.40

Our pivot point stands at 154.3.

Our preference

As long as 154.3 is support look for 172.

Alternative scenario

Below 154.3, expect 148.6 and 145.2.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 158.1665 and 151.4788).

Supports and resistances

178.8 **

175.4 *

172 **

168.5

159.88 (USD-last)

156.5

154.3 **

148.6 *

145.2 **

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