Return of Impulse wave?
Updated
JNJ has saw strong bullish pressure at the bottom of the downside channel and it is likely to complete a larger degree (ABC) wave. As such, we are ver bullish on 
JNJ
Stochastic OScillator has completed an oversold crossover and longer-term MACD is close to complete an oversold crossover.
JNJ Stochastic OScillator has completed an oversold crossover and longer-term MACD is close to complete an oversold crossover.
Note
Currently testing 157.00 resistance zone. Considering taking partial profit and move SL to Breakeven.
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