Johnson & Johnson leans on important support - Analysis - 12-04-2021

Johnson & Johnson's stock (JNJ) fell in the last session while trespassing the support of the 50-day SMA, leaning on the current support of of 159.50, amid the dominance of the main upward medium-term trend, with positive signals from the RSI after reaching oversold levels. 

Therefore we expect the stock to return higher, targeting the first resistance at 166.20, provided the support of 159.50 holds on.

Expected trend for today: Bullish