JNJ has been consolidating for over 2 years on this range now:
* monthly bull flag * forming the right shoulder of an IHS on weekly chart (can even see it on the monthly) * healthcare sector oversold, so can see a bounce
a bounce could push JNJ to test the upper trendline at 165-166. The IHS neckline is at ~170 and the measured move puts it at around 185+
Play: 2026 leaps might be ideal here as they have low IV and can increase in value rapidly I am looking at the 185C for Jan 2026
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