Johnson & Johnson moves in the descending channel again

17 August 2022 319
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After an upward breakout from the previous downtrend, Johnson & Johnson's stock price moved into a new descending channel. Yesterday, the price bounced off the lower border of the channel, forming a confirmed bullish Harami Cross. In addition, the DeMarker indicator has formed a bullish divergence, has already moved out of the oversold zone and is directed upward. We expect Johnson & Johnson stock price to grow towards the upper limit of the channel, possibly to the 171 level.

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

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