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