Today’s instrument is the Johnson & Johnson stock traded on the NYSE exchange under the ticker JNJ.
If we look at JNJ’s chart, we can see that it is currently traded at around $174.25.
JNJ is announcing its quarterly earnings today, and if the market’s anticipation is positive then we could expect it to test its resistance level again at around $175 and if it manages to pass it then rise towards its next resistance level at around $184 otherwise it should fall towards its support level at around $170.
(Click on image to enlarge)
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