- Johnson & Johnson broke key resistance level 180.00
- Likely to rise to resistance level 190.00
Johnson & Johnson recently broke sharply above the key resistance level 180.00 (which stopped the previous minor impulse wave 3 at the end of August).
The breakout of the resistance level 180.00 accelerated the active impulse wave 5 of the intermediate impulse wave (3) from April.
Given the predominant daily uptrend, Johnson & Johnson can be expected to rise to the next resistance level 190.00, target price for the completion of the active impulse wave 5.
By the FxPro Analyst Team
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By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
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Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.