Johnson & Johnson keeps rising - Analysis - 16-12-2021

Johnson & Johnson's stock (JNJ) kept rising with a 0.5% profit while buoyed recently by piercing the downward correctional trend line in the short term, with positive pressure from the 50-day SMA, settling thereafter at 171.14, and countered with negative signals from the RSI after reaching overbought levels. 

Therefore we expect more gains for the stock, targeting the first resistance of 173.50, provided it settles above 167.55. 

Expected trend for today: Bullish