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Trading idea for Johnson & Johnson (NYSE)

Johnson & Johnson (NYSE)
#JNJ

The trend is upward.
The stock is trading between the 365 and 135 EMAs.
A downward truncated wave structure has completed with a breakout of the descending channel.
Both the Awesome Oscillator and Stochastic Oscillator show bullish divergence, and the Stochastic lines have exited the oversold zone.

Trading idea:
Buy on a breakout above 187.46.

Stop Loss: 185.30
Target levels: 189.34; 192.00

Author: GC

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