Johnson & Johnson may fall to 135.70 - 137.80

Our pivot point is at 148.9.

Our preference

The downside prevails as long as 148.9 is resistance.

Alternative scenario

Above 148.9, look for 152.7 and 154.9.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 147.6695 and 148.4828).

Supports and resistances

154.9 **

152.7 *

148.9 **

147.4

145.54 (USD-last)

140.1

137.8 **

135.7 *

133.5 **

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