Shares of Johnson & Johnson, one of the world's leading retail holdings, are trading at 168.00.
On the daily chart, the price is working out a local Head and shoulders reversal pattern with the Neckline at 175.00.
On the four-hour chart, it can be seen that the target to realize the formation, which is at 167.00, has already been almost reached, but the potential for downward dynamics remains high, and if it is broken, the decline may continue to last year's low at 159.00.
Technical indicators keep a stable sell signal: the EMA fluctuation range on the Alligator indicator expands downwards, and the AO histogram forms downward bars, moving away from the transition level.