Chart Patterns & Algorithmic Trader (Aug. 24, '20) (46)
JNJ V-Bottom Pattern
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Johnson & Johnson (JNJ) has formed a V-Bottom pattern on its daily chart
and trading above the breakout level of $154.60. V-Bottom patterns are
traded when price closes above the breakout level. A stop is placed below
the mid level of the V-Bottom pattern at $131.83. Targets are placed at
$182.5 to $190.1 and $212.1 to $228.0.
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