JNJ is in an ascending triangle pattern. Uptrend has been challenged a couple times and has held its ground every time including its most recent test this past week. This will keep climbing until it retest ATH later this month.
Shorter view we can see a descending wedge that wants to breakout and regain uptrend.
Longer view there is a megaphone trend that would have PENN sitting in the middle of its downfall.
With market sell offs continuing to happen, maybe its the latter
