Chart of the Day: Mega Candle in Johnson & Johnson


Johnson & Johnson is often a dull stock, but it had some exciting price action yesterday.

The health care giant dropped 1 percent in the initial seconds of trading, undercutting Friday’s low. Buyers immediately came out of the woodwork, driving the stock to its highest close in over three months. The result was a large bullish outside candle.

Next, the surge planted JNJ back …

For more, please click here to view the related idea and chart analysis on TradingView.

Johnson & Johnson (JNJ), chart with selected patterns and indicators, courtesy of TradingView.
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