Johnson & Johnson driven lower by current resistance - Analysis - 12-01-2021

2022-01-12 10:23:37 GMT (Economies.com)
 

Johnson & Johnson's stock (JNJ) fell in the last session after the current resistance of 173.50 held on, while the RSI reached overbought levels, as the stock gathers momentum to regain footing and tackle the resistance once more, while venting off overbought saturation, amid the dominance of the upward medium-term trend, with support from the 50-day SMA.

 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 179.40, provided the resistance of 173.50 was breached.

 

Expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1346
-0.0059
0.5130%
1.3612
-0.0045
0.3324%
Tadawul
12260.13
73.83
0.61%
24.138
1.126
4.891%
86.168
2.299
2.741%
87.70
0.18
0.21%
1840.250
19.790
1.087%
 
 
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