Johnson & Johnson has rejected the Heartline of the Equidistant Channel while showing Bearish Divergence on the MACD and RSI and as a result i now think it will be heading for a minimum .382-.618 Retrace and i will be playing it via monthly put options.
JNJ fundamentally is a cross between Big Pharm and Consumer Staples Recent Earnings were solid not spectacular but the latter is not expected here. Technically, JNJ climbs higher without much volatility, At the moment it is rising in a small cycle within the supertrend. Strength is increasing and some bearish momentum is exhausting. This is a low-beta stock...
Johnson & Johnson (JNJ) has been trading within a long-term Bullish Megaphone pattern since the January 26 2021 High. The pattern has been having very structured Higher Highs and Higher Lows. At the moment the stock is on a bullish leg, after rebounding exactly on the 1D MA50 (blue trend-line) on November 11 and is also above the 1D MA200 (orange trend-line). The...
Inv H&S in the making Price should come down first to test the level of support (RS) then shoot up to $176.00. RSI also should drop a bit before breaking the downtrend. Concerns: Price is <200MA and the 21>7 - Bearish... Bias - Neutral with hopeful bullish setup later on
Where are we going with this one? Very likely further down on the largest pharmaceutical firm in the world. As you can see confirmation has been crossed, signifying a start of a new zigzag. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with...
Johnson and Johnson - 30D expiry - We look to Sell at 170.59 (stop at 173.41) Daily signals are bearish. Daily pivot is at 170.27. Bespoke resistance is located at 170.00. Preferred trade is to sell into rallies. We look for a temporary move higher. Our profit targets will be 163.06 and 161.06 Resistance: 168.00 / 170.00 / 174.00 Support: 165.00 / 163.00...
JNJ feeling weak right now while moving within two descending channels. Currently the price is at the top of the minor channel, which should increase the selling pressure very soon.
Incredible hammer but low volume. Sold some puts this morning 160P for September regular. I don't mind owning this dividend stock if I get assigned.
So far JNJ is outperforming the SPY as staples are a defensive play during uncertain markets. But if JNJ fails to break above my 170 yellow zone (also BO of the black falling wedge) in the next few days then a retest of the 163 green support zone is next. 163 is also a 1.272 Fib zone & also a retest of the blue upchannel base. This is an ideal spot to end the...
Dominant Trendline intact, currently being tested by price Trend line will most likely hodl and lead to new highs as it extends a long way back An ascending channel and rising wedge can be identified within this weekly chart
JNJ High-risk Initial Long. TP and SL on the chart. 10-20x leverage. Move SL on TP.
NYSE:JNJ The Conservative Stop offers less exposition and a great Risk/Reward Ratio of 5 at the risk of being too tight .While the wide stop offers much more room for the trade at the expense of a lesser Risk/Reward Ratio around 3.5 . Whatever your style ,trading is a game of probabilities and the bulk of the profit if not all the significant profit is realised...
In the bigger picture in this weekly chart, JNJ BO of the big multi-year red upchannel & retested it several times in 2021 when JNJ was making wave 4 of V which is a running flat consolidation lasting the whole of 2021 bottoming in 29 Nov2021. Notice that the bigger wave IV is an expanded flat (megaphone pattern) bottoming in covid low. Now it has completed wave 4...
Johnson & Johnson, there is a good probability of going down target 173.41
The trend line has four or more touches. A Trend Line with 4 or more touches are good for limit orders.
$JNJ looks primed and ready to make new all-time highs this week. JNJ is in an ascending channel and based on RSI staying above 50 combined with MACD building and not near its relative "max" (about 4.44), this stock looks like it has legs. I think it is about to break through resistance relatively easily. With this risky, volatile, day-to-day market, healthcare...
Johnson and Johnson - Short Term - We look to Sell at 176.93 (stop at 178.95) Previous resistance located at 176.00. We look to sell rallies. This provides an excellent risk/reward opportunity to fade the current bullish move. Although the anticipated move lower is corrective, it does offer ample risk/reward today. Our profit targets will be 172.09 and 168.20...
Immediate targets at 165, 156, 149. Invalidation at 194. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically...