Johnson & Johnson, Elliott Wave Technical AnalysisJohnson & Johnson, (NYSE: JNJ): 4h Chart 6 December 2023JNJ Stock Market Analysis: We changed the count to a bullish scenario. At this stage, we are looking for upside in either a wave 3 or C that seems to be unfolding as expected. Looking for 5 waves within wave 3/C.JNJ Elliott Wave Count: Wave (iii) of {iii}. JNJ Technical Indicators: Above all averages.JNJ Trading Strategy: Looking for longs into wave 3. Analyst: Alessio BarrettaJohnson & Johnson, JNJ: 1-hour Chart 6 December 2023Johnson & Johnson, Elliott Wave Technical Analysis JNJ Stock Market Analysis: Looking for a sideways consolidation into wave (iv) to then continue higher as we seem to be finding support on 158$. Upside target for wave {iii} stands at 161.5 as we have 2.618 of {iii} vs. {i}.JNJ Elliott Wave count: Wave (iv) of {iii}JNJ Technical Indicators: Above all averages.JNJ Trading Strategy: Looking for longs into wave (v).
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