It is now important that the lows that were hit on Monday not be breached.
JNJ has been in a longer-term uptrend but that may not be enough to keep the rally going.
The conglomerate is set to post quarterly results Tuesday.
Microsoft, Tesla, Intel and Apple will be among the big tech companies reporting and it will be interesting to see how the market responds to their results.
What are the technical reasons to buy the stock?
Let's take a look at the charts and indicators.
If you're still long SLB, here are our price targets.
Here are our latest price targets.
The producer of industrial and construction supplies is scheduled to report earnings Wednesday morning.
The company is set to report earnings after the close Tuesday.