FX.co ★ Analysis of the shares of Johnson & Johnson (JNJ) by the method of Tic-Tac-Toe for 10/07/2017

Schedule "XO" step 100/3:

On the senior chart, we observe an exclusively upward trend.

Shares are traded in an upward wave of the uptrend, which indicates the strength of buyers.

The relative strength index is in the column "X", which indicates the pressure of bulls.

Earlier, overcoming the resistance level of 130 gave a strong signal to buy.

It can be seen that the shares reached the original target in the area of 136, where it is recommended to close 1/2 of the total volume of long positions and move the stop-loss order to the breakeven level.

The main target is still the resistance zone around 140.

Trading recommendations:

It is recommended to hold long positions.