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Johnson & Johnson reverses sharply higher - Analysis - 11-03-2020
Johnson & Johnson's stock hit a session-low of 134.24 before reversing sharply higher and marking a 4% profit, amid the dominance of the downward correctional wave, with negative pressure from the 50-day SMA, amid negative signals from the RSI after reaching overbought levels compared to the stock's movements.
Therefore we expect the stock to return lower, targeting the support of 134.00, as long as the resistance of 145.00 holds on.
Expected trend for today: Bearish
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