Johnson & Johnson touches SMA resistance - Analysis - 01-10-2020

Economies.com
2020-10-01 11:36AM UTC

Johnson & Johnson's stock rose 1.24% in the last session, facing resistance of the 50-day SMA, amid the dominance of the downward short-term wave, while the RSI reached overbought levels. 

 

Therefore we expect the stock to return lower, targeting the support of 143.85 anew. 

 

Expected trend for today: Bearish 

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