$JNJ Balls to the Wall

As we can see, JNJ has been following a regular down trend April 2022 and has no significant move to break upwards until recently.

On the monthly chart, we have a solid sideways consolidation after a strong movement up indicating the possibility monthly demand.

Considering the strong bull flag pattern in combination with a monthly CCI test and re-test breakout. this will punch JNJ stock to 180 and beyond nearing the 220 target for a measured C wave breakout.

Enjoy the ride, Options tend to pay good.