JNJ: BUY THE DIP
JNJ: an amazing long opportunity
~Every time JNJ has gone overbought on the RSI like it is right now, it has gone up very strongly
~JNJ is trading in a parallel uptrend for the most part since October 2020 (white area) with a few minor outlying price action movements.
^^ Price is touching the long term support line. Confirming the RSI foreshadowing.
~I expect resistance at 171, 174-176, 180.
^^Breaking 180 will let it soar to 185-187 (the top of the parallel uptrend)
~Every time JNJ has gone overbought on the RSI like it is right now, it has gone up very strongly
~JNJ is trading in a parallel uptrend for the most part since October 2020 (white area) with a few minor outlying price action movements.
^^ Price is touching the long term support line. Confirming the RSI foreshadowing.
~I expect resistance at 171, 174-176, 180.
^^Breaking 180 will let it soar to 185-187 (the top of the parallel uptrend)
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