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Green lines- Fibonacci extension targets
JNJ stock price is trading around $168 from $158-$159 it was trading yesterday. Today the Q2 financial results were announced that topped Wall Street's expectations due to strong sales growth from the company's med-tech business. In our technical analysis yesterday we discussed the upside potential of the stock price of this company towards $165 and $170. The reaction to the financial results confirms our view and we already surpassed our first target.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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