Johnson & Johnson nears a pivotal resistance - Analysis - 09-12-2019

Johnson & Johnson's stock rose in the short term while trading above 138.67, representing the ratio 61.8% of Fibonacci retracement levels for a descending wave in the medium term, with positive support from the 50-day SMA and the RSI, marking a 0.59% profit. 

Therefore we reaffirm our positive outlook for the stock, targeting the next resistance at 142.57, representing the ratio 76.4%. 

Expected trend for today: Bullish