themarketzone

Basic analysis shows JNJ is about to face strong resistance

NYSE:JNJ   JOHNSON & JOHNSON
A very basic analysis for $JNJ shows that the stock is facing a major resistance zone before earnings.
The 98-100$ zone, a strong structure that held as support during more than a year, was broken during August and now became resistance.
Add the 200 SMA line, the downtrend line and the sellers pressure that this stock will face when it will reach the psychological number of 100$ and you'll get pretty good reasons to be concern if you are still holding a bullish position in $JNJ.

Special ECB preview - https://goo.gl/hZMkYY

Tomer J,
The Market Zone - You trading Edge
Visit my website - http://www.themarketzone.net/
Blog - http://www.themarketzone.net/?page_id=2371
Youtube - https://www.youtube.com/c/TheMarketZoneNet
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out