Wednesday, October 09, 2013 12:36:19 PM
JNJ Head And Shoulders
For a head and shoulder pattern to confirm, look for decreased volume on the right shoulder top. The bigger difference in decline in volume as compared to the left shoulder, the stronger the setup. For JNJ, it is possible the lower volume on the right shoulder comes from lack broad market volume in this time period. We're going to find out. Earnings on 10-15.
For a head and shoulder pattern to confirm, look for decreased volume on the right shoulder top. The bigger difference in decline in volume as compared to the left shoulder, the stronger the setup. For JNJ, it is possible the lower volume on the right shoulder comes from lack broad market volume in this time period. We're going to find out. Earnings on 10-15.
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