JOHNSON & JOHNSON Double buy entry.

٣ أكتوبر ٢٠٢٣

JNJ touched Support (1) at 153.20, a level holding since June 1st.
Along with Support (2) at 150.10 are the major buy levels for the long term.
The medium term Resistance is the MA200 (1d).

Trading Plan:
1. Buy on the current market price.
2. If Support (1) breaks, buy on Support (2).

Targets:
1. 162.00 (expected contact point with the MA200 (1d)).
2. 161.00 (expected contact point with the MA200 (1d)).

Tips:
1. The RSI (1d) shows that the stock price in the past 12 months bottoms a little after the RSI forms a Double Bottom. It makes a slightly lower low. Be on the look out for one.

Please like, follow and comment!!