19.10.2016 - We expect a further decline in price of Johnson & Johnson

Price of Johnson & Johnson after a long consolidation above the level of 117.40, started the decline within the descending channel and may soon extend it to targets at 112.00 and 109.00. Growth is limited by the upper boundary of the descending channel and resistance at 120.00. Overcoming this level will be the basis for opening long positions with growth potential at 125.75 and 128.00. We expect the fall in the near future and medium term.

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