Live monitoring of the Bullish Flag setup on JNJ. See where price is heading.
Bullish continuation if preceding move was up.
Consolidation. Can break either way.
Bullish continuation pattern.
Reversal pattern. Price likely to break downwards.
Sideways movement between parallel supports.
A clear signal has emerged for Johnson & Johnson (JNJ) on the daily chart. With a last close of $243.04, volatility remains active (-0.44%). Algorithmically, a Bullish Flag structure has completed. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $247.21, targeting $296.15 with support near $235.73 (R:R 4.26).
What is your outlook on JNJ?