Johnson & Johnson ends cautiously higher - Analysis - 21-09-2020

Johnson & Johnson's stock rose 1.37% in the last session amid positive signals from the RSI while touching the resistance of the 50-day SMA, as the stock was hurt by a negative pattern recently, the Rising Wedge pattern. 

Therefore we expect the stock to return lower, targeting the first support at 144.22, provided the resistance of 151.00 holds on.

Expected trend for today: Bearish