Johnson & Johnson Extends Wave Five Toward New Highs

Johnson & Johnson has resumed its bullish trend after a complex wave 4 correction, as previously highlighted on June 10. The stock is now extending a wave five pattern, pushing back toward all-time highs.

Elliott Wave analysis suggests the correction is complete and the upward impulse remains in progress. No specific price targets or timelines have been provided in the update.

This technical development aligns with the earlier forecast of higher prices. Traders should monitor for confirmation of the breakout above prior highs.