Johnson & Johnson breaks the descending channel

24 June 2022 349
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Johnson & Johnson stock price has been moving in a descending channel since late April. Yesterday the Three White Soldiers pattern formed in the daily chart and the price broke the resistance line. The RSI is not yet signaling overbought. If the Johnson & Johnson stock price holds higher, we expect the price to grow towards the level at 181.7.

This content is for informational purposes only and is not intended to be investing advice.

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