Trading idea: Jonson Jonson (NYSE)

#JNJ

The overall trend is upward. The descending wave pattern is truncated. A bullish divergence has formed on the Awesome Oscillator, while the Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when an ascending wave pattern is formed, where the wave (A) breaks through the pivot 2 of the wave C (160.33).

Stop Loss: below the local minimum of the descending pattern (155.83).

Target levels: 167.50; 179.42.

Author: GC
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