Johnson & Johnson may rise to 172.00 - 175.50

154.3 is our pivot point.

Our preference

The upside prevails as long as 154.3 is support.

Alternative scenario

The downside breakout of 154.3 would call for 148.6 and 145.1.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 156.098 and 150.3078).

Supports and resistances

179.1 **

175.5 *

172 **

168.4

158.97 (USD-last)

156.7

154.3 **

148.6 *

145.1 **

Number of asterisks represents the strength of support and resistance levels.