Johnson & Johnson may rise to 156.20 - 158.50

144.3 is our pivot point.

Our preference

Our next up target stands at 156.2.

Alternative scenario

The downside breakout of 144.3 would call for 140.3 and 138.1.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the stock is above its 20 and 50 day moving average (respectively at 146.5435 and 148.116).

Supports and resistances

160.9 **

158.5 *

156.2 **

153.9

148.75 (USD-last)

145.9

144.3 **

140.3 *

138.1 **

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