JOHNSON & JOHNSON - JNJ
Monthly chart shows resistance at the $69 - $70 level. Price has been unable to stay above the $65.89 key LIS. The move up is corrective in pattern. Look for break of the up trendline in place as price heads towards $56.67 support area and lower. No buy signal/pattern evident on this timeframe.
Weekly chart shows last week's trading activity took back all the gains made the week before. No buy signal/pattern evident on this timeframe.
Daily chart shows increased selling pressure on Friday. No buy pattern/signal evident on this timeframe. Price action currently tracing out a consolidation pattern.
Sunday, February 10, 2008
JNJ Analysis for 02.10.2008
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