JNJ: Bullish Channel Intact | Can Price Break Above $281?Johnson & JohnsonBATS:JNJDL_INVESTJNJ: Bullish Trend Intact as Price Tests $281 Resistance Johnson & Johnson remains in a well-defined rising channel on the daily chart. The recovery from the May lows has preserved the broader sequence of higher highs and higher lows, bringing price back toward the all-time-high level marked at $281.07. With the latest displayed price at $275.23, JNJ is approximately 2.1% below this resistance. The trend remains constructive, but a confirmed breakout is still needed. Key levels to watch: - $281.07: The main breakout threshold. A daily close above it, followed by a successful retest, would strengthen the bullish continuation scenario. - $290 and $300: Potential upside reference points after confirmation. These are round-number objectives, rather than established resistance levels. - $265–270: Approximate near-term support around the recent consolidation. - $250–255: A deeper support area near the current lower boundary of the rising channel. This boundary moves higher over time. A sustained break above $281.07 would favour further upside. Stronger volume and acceptance above the former high would make the move more convincing than a brief intraday spike. If resistance holds, a pullback toward $265–270 would remain compatible with the broader uptrend. A loss of that zone would increase the likelihood of a deeper channel test. A sustained break below the lower channel boundary, accompanied by a lower low, would weaken the bullish structure. My bias remains bullish, with patience near resistance. A confirmed breakout and retest, or a pullback that establishes support, would offer a clearer setup than chasing price immediately below the high. Based on the displayed TradingView daily chart; support zones are approximate. Disclaimer: This analysis is for informational and educational purposes only and does not constitute investment advice or a recommendation to buy or sell any security. The scenarios presented are conditional and are not guarantees of future performance. Investing involves risk, including the loss of capital. Always conduct your own research and consider your financial situation and risk tolerance before making any investment decision. Laurent - Private Investor ✅ DL INVEST | Community Leader