As we can see, JNJ has been following a regular down trend April 2022 and has no significant move to break upwards until recently.
On the monthly chart, we have a solid sideways consolidation after a strong movement up indicating the possibility monthly demand.
Considering the strong bull flag pattern in combination with a monthly CCI test and re-test breakout. this will punch JNJ stock to 180 and beyond nearing the 220 target for a measured C wave breakout.