Johnson & Johnson tries to vent off oversold saturation - Analysis - 23-10-2020

Johnson & Johnson's stock (JNJ) rose 0.80% in the last session while venting off oversold saturation in the RSI, after the support of 143.85 held on, lending some positive support, and amid negative pressure from the 50-day SMA.

Therefore we expect the stock to return lower, targeting the support of 139.12, provided the support of 143.85 was breached. 

Expected trend for today: Bearish