JNJ looks like it will have another leg down

٢٨ فبراير ٢٠١٨

JNJ is currently forming a bear flag, which if confirms to the down side, projects to drop into the box (around $117.50). Lots of resistance overhead, all the moving averages and the .236 fib at 133. The more time JNJ spends below 133, the more likely it is to break down. Trade carefully