Johnson & Johnson relinquishes gains - Analysis - 01-04-2020

Johnson & Johnson's stock tumbled 1.41% in the last session amid the dominance of the downward short-term trend, as the RSI reached overbought levels, with negative pressure from the 50-day SMA. 

Therefore we expect more losses for the stock, targeting the first support at 126.25. 

Expected trend for today: Bearish