J & J Short Term: short term rebound towards 158.4
May 8, 2024 09:38
J & J (JNJ.US)
0.34+0.22%
short term rebound towards 158.4.
144.6 is our pivot point.
Our preference: short term rebound towards 158.4.
Alternative scenario: below 144.6, expect 139.8 and 136.9.
Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the stock is trading above its 20 day moving average (147.811) but under its 50 day moving average (153.7528).
Supports and resistances:
164.3 **
161.4 *
158.4 **
155.6
148.72 (USD-last)
146.5
144.6 **
139.8 *
136.9 **
Our preference: short term rebound towards 158.4.
Alternative scenario: below 144.6, expect 139.8 and 136.9.
Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the stock is trading above its 20 day moving average (147.811) but under its 50 day moving average (153.7528).
Supports and resistances:
164.3 **
161.4 *
158.4 **
155.6
148.72 (USD-last)
146.5
144.6 **
139.8 *
136.9 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
