Technician
Long

J&J: Heading to sideways range ceiling!

NYSE:JNJ   JOHNSON & JOHNSON
239 0 3
-After breaking below 90.00 support area and heading sharply lower, shares managed to rebound strongly back above that broken level
-The price has recently retested that level, before bouncing confirming the level as a new support.
-Rising volume on the rebound
-price is trading within a sideways range since august

I am looking for a move towards 94.40 and 96.00 resistance levels.

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