While Johnson & Johnson are getting ready for the purchase of the Swiss biotech giant, our attention is on exhibiting their shares for sale. For more than a month, stocks have been showing steady growth, updating highs daily. Now all the market investors want only one thing - to buy Johnson & Johnson. Revenue per share of the company is 5.94 and the budget is developed according to the plans of the Board. At the opening of the New York Stock Exchange, everyone expects prices to rise to 125 units. Carefully follows the schedule of these shares in order to increase their profits in time and keep their forex broker. The company's shares again test their new maximum. This is a good sign for investors who can get this information when they break this level. A good, more than 200 points, movement can be fully expected. Investors around the world, trading on the stock exchange, should carefully monitor this financial opportunity.
The price is above a simple moving average 200 MA and 20 MA indicating bullish trend.
The MACD trend indicator is above zero level now, indicating bullish movement.
If the resistance level is broken you can use the following recommendation:
• Chart timeframe: H4
• The trade recommendation: Buy
• The level of entry into long position: 126.20
• The level of profit and close the position: 128.20 (200 pips)
Possible bearish movement in the breakdown of the support level 1194.00
Forex currency pair GBPUSD
Possible bearish movement in the breakdown of the support level 1.2130
Forex currency pair USDCHF
Possible bearish movement in the breakdown of the support level 1.0090
Forex currency pair USDJPY
Possible bullish movement in the breakout of the resistance level 115.50
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