Johnson & Johnson - Healthcare outperforming Long

Johnson & JohnsonNYSE

Description

⋅ Nov 20, 2019 5:43 PM

JNJ has breached its 200sma resistance, to enter "channel 1".

I would wait 2-3 closes inside the channel above the 200sma to enter a position.

Profit-exit ---> $144.2
Stop-loss ---> $133.19
Approximate RRR ---> 3:1