Investment Opportunity on Johnson & Johnson (Short) Short

Johnson & JohnsonNYSE

Description

⋅ Apr 1, 2024 10:50 AM

Johnson & Johnson is currently on a bearish trend on a Monthly timeframe.
I'm expecting the price to go back on my supply zone around 165 to take a short position targetting 108$ at least.

Short trade risk :
6% upside (risk)
33% downside (profit)

Trend Analysis