Johnson & Johnson gives in to negative pressure - Analysis - 23-11-2021

Johnson & Johnson's stock (JNJ) skidded 1.96% in the last session after exiting an ascending price channel, while suffering from negative pressure from the 50-day SMA, settling thereafter at 159.70, amid the dominance of the downward correctional trend in the short term.

Therefore we expect more losses for the stock, targeting the support of 157.27, provided it settles below 161.88.

Expected trend for today: Bearish