Johnson & Johnson (NYSE) Analysis, Chart, and Trading Idea

#JNJ
 

The general trend is ascending. The downtrend truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
 

Trading idea:

Buy at the formation of the upward wave structure;

Stop-loss: 150.09;

Target price levels: 161.00, 169.85.