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Trading ideas for Jonson Jonson (NYSE)

The stock is trading flat in a range of its upper limit. Breakout of the 131.25 level will result the formation of a downward pattern 123. Moving Averages on Stochastic Oscillator are in the range of level 80 (overbought zone).

Trading recommendations:

Sell below 131.25.

Stop Loss – 133.50.

Target levels – 129.50; 126.57.

Author: admin
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