Killy_Mel

DOW JONES OVERVIEW: JNJ HOLDS LONG TERM TREND, SHORT TERM RISK

NYSE:JNJ   JOHNSON & JOHNSON
JNJ             micro picture currently contradicts macro one.

On long term basis, JNJ             has held the test of 10-year trend by falling below and then bouncing back up above the 10-year uptrend border (marked by 1st standard deviation from 10-year mean, now at 91)

On short term basis, however, price has fallen below 1st standard deviations from quarterly (66-day) and 1-year (264-day) means, signaling continued downside probability.

The downside risk remains until the price trades back up above short term risk border, marked by lower 1st standard deviation from 1-year mean (at 97 now)
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