Johnson & Johnson: technical analysis

On the chart of our left (click on to enhance in separate window), we can easily see an inverse shoulder-head-shoulder pattern, with a broken neck line (dark blue). After that, we discover a pullback to the same line from above (perfect entry point) and its ulterior upward movement. We can detect two mayor resistances: the previous maximum and the corresponding S-H-S proyection (light blue).

The price is reasonable according to our fundamental expectations.