Johnson & Johnson tries to vent off oversold saturation - Analysis - 22-09-2021

Johnson & Johnson's stock (JNJ) rose 0.44% in the last session in attempts to  recoup recent losses, and amid the dominance of the downward correctional wave, while hurt by piercing the main upward trend line recently, as the stock tries to vent off oversold saturation in the RSI amid positive signals out of it, with negative pressure from the 50-day SMA.

Therefore we expect the stock to return lower, targeting the pivotal support of 161.90 anew, readying to pierce it. 

Expected trend for today: Bearish