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سپورٹ
فوری اکاونٹ کھولیں
تجارتی پلیٹ فارم
رقم جمع کروانا / نکلوانا

18.07.202321:59 Forex Analysis & Reviews: Upside potential for JNJ stock price could reach $170.

Exchange Rates 18.07.2023 analysis

Blue lines- Fibonacci retracement levels

Green lines- Fibonacci extension targets

JNJ stock price is trading around $159.15. Price has stopped its recent decline at $157.40 from $116.17. Price has formed a higher low at $157.40 where we also find the 61.8% Fibonacci retracement of the last upward movement. As we have said many times before, at the 61.8% Fibonacci retracement level we usually see trend reversals. If such a reversal is under way, we should expect the next upward movement in JNJ stock price to push price at least towards $165.23 if not at $170 where we find the 100% Fibonacci extension target. Short-term support is found at $157.40. Bulls do not want to see price form new lower lows and break below the 61.8% retracement. Such a sign of weakness would lead price even lower towards the 78.6% retracement at $155.90.

*تعینات کیا مراد ہے مارکیٹ کے تجزیات یہاں ارسال کیے جاتے ہیں جس کا مقصد آپ کی بیداری بڑھانا ہے، لیکن تجارت کرنے کے لئے ہدایات دینا نہیں.

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