For much of the previous decade, the stock of diversified healthcare behemoth Johnson & Johnson has consistently delivered market returns (if you count dividends as part of total return on equity).
Our Analysis:
As long as the price is above the level of 164.80, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 170.00
- Take Profit 1: 175.80
- Take Profit 2: 178.70
Alternative scenario:
If the level of 164.80 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 164.80
- Take Profit 1: 159.90
- Take-profit 2: 156.90
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