03.12.2021
#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.
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