Johnson & Johnson sharpens decline - Analysis - 05-10-2021

Johnson & Johnson's stock (JNJ) kept falling with a 0.78% loss in the last session amid the dominance of the downward correctional short-term trend, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI.

Therefore we expect more losses for the stock, targeting the support of 153.50, provided the resistance of 161.88 holds on.

Expected trend for today: Bearish