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JNJ - Johnson & Johnson

NYSE:JNJ   Johnson & Johnson
After breaking out the weekly resistance it turns to a support and we have really nice retest at 50% Fibonacci which aligns with the support along side a strong bullish hidden divergence in 240 time frame. the target would be 1.272 of Fibonacci entrancement at $163 and then heading to $170 as second target. If $148 can't hold the trend, trade is invalid.

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