Could Johnson & Johnson (JNJ Stock) rise towards the 165 level?

Today’s instrument is the Johnson & Johnson stock traded in NYSE exchange under the ticker JNJ.

Looking at the JNJ’s chart, we can see that it is currently traded at around $168.40.

JNJ is announcing its quarterly earnings today, and if the market’s anticipation is positive then we should expect it to rise toward its resistance level at around $175, otherwise it should fall towards its support level at around $165.