Chart Patterns & Algorithmic Trader (Jan. 13, '20) (63)
JNJ Rectangle Channel Pattern
s
Reviewed in CPAT
JNJ (Weekly) is trading in Rectangle Channel pattern. Channel boundaries
are 148.99 and 118.62. Mid Channel Level is 133.81 and channel depth is:
30.4. Price is trading between upper and lower trendlines. Breakout targets
are: 164.2 to 179.4. Breakdown targets are: 103.4 to 88.3.
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