Johnson & Johnson: technical analysis 27.02.2023
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on Johnson & Johnson for a better understanding of the current market situation and more efficient trading.
The shares of Johnson & Johnson, one of the world's leading retail holdings, are correcting at 156.00.
On the daily chart, the price is declining within a downtrend, almost reaching one of the March 2021 lows at 154.00.
On the four-hour chart, it can be seen that consolidation quotes below this level is the key marker for the transition to an increase in downward dynamics towards targets around the November 2020 low around 143.00. If the price reverses and consolidates above the September 2022 low at 160.00, a local increase and return to the sideways channel with the boundaries of 159.00–180.00 is possible.
Technical indicators keep a stable sell signal: the EMA fluctuation range on the Alligator indicator expands downwards, and the AO histogram forms downward bars, moving away from the transition level.
Trading tips
Short positions may be opened after the price drops and consolidates below 154.00 with the target at 143.00. Stop loss – 160.00. Implementation period: 7 days or more.
Long positions may be opened after a reversal, growth and consolidation of the price above 159.00 with the target at 167.00. Stop loss – 156.00.
Use more opportunities of the NPBFX analytical portal: weekly FOREX forecast
You can learn more about the current situation and get acquainted with the weekly analytical forecast in the "Video reviews" section on the NPBFX portal. Weekly video reviews contain trends, key levels, trading recommendations for such popular instruments as GBP/USD, EUR/USD, USD/CHF, AUD/USD. In order to get free and unlimited access to video forecast and other useful instruments on the portal, you need to register on the NPBFX website.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on Johnson & Johnson and trade efficiently with NPBFX.
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on Johnson & Johnson for a better understanding of the current market situation and more efficient trading.
The shares of Johnson & Johnson, one of the world's leading retail holdings, are correcting at 156.00.
On the daily chart, the price is declining within a downtrend, almost reaching one of the March 2021 lows at 154.00.
On the four-hour chart, it can be seen that consolidation quotes below this level is the key marker for the transition to an increase in downward dynamics towards targets around the November 2020 low around 143.00. If the price reverses and consolidates above the September 2022 low at 160.00, a local increase and return to the sideways channel with the boundaries of 159.00–180.00 is possible.
Technical indicators keep a stable sell signal: the EMA fluctuation range on the Alligator indicator expands downwards, and the AO histogram forms downward bars, moving away from the transition level.
Trading tips
Short positions may be opened after the price drops and consolidates below 154.00 with the target at 143.00. Stop loss – 160.00. Implementation period: 7 days or more.
Long positions may be opened after a reversal, growth and consolidation of the price above 159.00 with the target at 167.00. Stop loss – 156.00.
Use more opportunities of the NPBFX analytical portal: weekly FOREX forecast
You can learn more about the current situation and get acquainted with the weekly analytical forecast in the "Video reviews" section on the NPBFX portal. Weekly video reviews contain trends, key levels, trading recommendations for such popular instruments as GBP/USD, EUR/USD, USD/CHF, AUD/USD. In order to get free and unlimited access to video forecast and other useful instruments on the portal, you need to register on the NPBFX website.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on Johnson & Johnson and trade efficiently with NPBFX.