Hi traders,
JNJ is currently consolidating inside a symmetrical triangle.
We can expect two scenarios:
Bullish scenario:
Open a long position if the price breaks the downsloping resistance line.
SL: below $153.50
Potential TP: $164
Bearish scenario:
Open a short position if the price breaks down and closes below the upsloping support
SL: above $158.00
Potential TP: $149
JNJ is currently consolidating inside a symmetrical triangle.
We can expect two scenarios:
Bullish scenario:
Open a long position if the price breaks the downsloping resistance line.
SL: below $153.50
Potential TP: $164
Bearish scenario:
Open a short position if the price breaks down and closes below the upsloping support
SL: above $158.00
Potential TP: $149
💥 Free signals and ideas ➡ t.me/vfinvestment
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💥 Free signals and ideas ➡ t.me/vfinvestment
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.