Johnson & Johnson skids - Analysis - 12-10-2018

Johnson & Johnson's stock slid 2.82% in the last session, or 3.89 points, while hurt by piercing the upside correctional trend line recently in the short term, breaching thereafter the support of 137.43, and the support of the 50-day SMA as well, doubling pressures on the stock, amid a surge in trading volumes. 

Therefore we expect more losses for the stock, targeting the support of 129.35, as long as the resistance of 137.43 holds on. 

Expected trend for today: Bearish