14.03.2016 - Johnson & Johnson shares may be corrected down

The share price of Johnson & Johnson continues to rise gradually along the inclined support line and has recently broken through the resistance level at 107.00. This fact is the reason for the continuing growth of price to the levels 109.00 and 112.00 in the near future. On the other hand, a breaking of this level and fixation below 106.00, which is located around a local minimum, is the reason for the sale with the objectives at 10.00, 98.40 and 96.00. We expect the price to drop in the near future.

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