Johnson & Johnson
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H&S Pattern on JNJ

Neckline of H&S pattern was broken.

JNJ formed a 1-2-3-4-5 Motive Wave after the neckline was broken. Corrective Wave being formed now. A wave is over. B wave to form this week. C wave may go up to the upper resistance level. Thereafter, JNJ to begin a long downtrend.
Trend AnalysisWave Analysis

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