Take a look at these price levels of Johnson & Johnson after the pop of shares after receipt

Johnson & Johnson (JNJ) lost the ground on Thursday after he rose yesterday in relation to the optimism of the investor about the better than expected profits and prospects of the company's overall year.

The health giant has also reduced its tariff cost forecast and now that this year is expected to be worth around $ 200 million in connection with import tax, which has reduced a previous forecast of $ 400 million. The prospects calmed the concerns of investors about what effects the trade policy in Washington would have on the company after President Donald Trump recently said that pharmaceutical tariffs could be up to 200%.

The pharmaceutical manufacturer said that his portfolio and pipeline position are able to grow in the second half of the year, and added that it anticipates approvals and submissions in a number of therapeutic areas.

The J&J shares fell by 1% and close today's session with around 163 US dollars after it rose by 6% on Wednesday to achieve Dow Jones Industrial average regulations. The share has increased by 13% since the beginning of the year and exceeded less than 5% by winning the DOW.

In the following we open the technical data on J & JS weekly diagram and identify price levels that are worth observing.

Close the key moving average values

Although the 50-week sliding average (MA) crossed under the 200-week MA at the end of 2023 to form a threatening cross, the J&J shares have been largely rank since then. In recent times, however, the price gathered with these two movable average values and a symmetrical triangle in the trading session on Wednesday.

While the relative starching index confirms a positive shift in the impulse, yesterday's jump onto the lackluster volume occurred, which indicates that larger market participants may remain marginally.

Let us point out important overhead areas in the Charts of J&J to observe them and also identify some important support levels that are worth monitoring in future retreats.

To observe overhead areas

After further purchase, investors should monitor how the price reacts to the area of 168 US dollars. In September and March of this year, this level could deliver near the prominent top tips near a trend line that goes back until February 2021.

A crucial breakout supported by volume over this area could trigger a rally at $ 180. Investors who have accumulated stocks at lower prices may be looking for remarkable peaks for exit points near this place, which were created in the table in August 2021 and December 2022 and both are just below the all -time high of the share.

Support the monitoring of levels

In the event of future declines in the share, investors should monitor the level of $ 155. This area, which is located directly below the 50-week MA and the upper trend line of the symmetrical triangle, can collect near a horizontal line that connects a number of corresponding trading activities on the diagram with your back to the peak from April 2020.

After all, a deeper withdrawal in J&J shares could reduce price support by $ 145. Investors may be looking for purchase options in this region near several troughs that were developed on the map between October 2023 and January of this year, a level that marks the lower level of the trading area of the share during this period.

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Until the date on which this article was written, the author has none of the above securities.