JNJ: an amazing long opportunity ~Every time JNJ has gone overbought on the RSI like it is right now, it has gone up very strongly ~JNJ is trading in a parallel uptrend for the most part since October 2020 (white area) with a few minor outlying price action movements. ^^ Price is touching the long term support line. Confirming the RSI foreshadowing. ~I expect...
I like JNJ, but would like it to travel down to 168 before breaking through my purple fib trigger line.
The share price of Johnson and Johnson looks ready to rebound from the major resistance-turned-support area, underpinned by the 23.6 per cent Fibonacci retracement level at 175.61, and resume climbing. The underlying uptrend appears to be taking the form of a 1-5 impulse wave pattern, as postulated by the Elliott Wave Theory. Thus, the recent correction can be...
Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The Johnson & Johnson stock is having a great Bullish movement right now, In the last week, the stock price has risen from 173.05 and reached 179.47 today. That's more than...
JNJ is in a 7-month ascending triangle where we are testing resistance today with another ascending triangle. Watch for increase in volume for continuation on breakout entry: 173.22
A staple of Cathie Wood's ARKK Invest fund, Teladoc looks to be winding up for a big move in the coming days after breaking the resistance of a supply line that has kept TDOC stagnant since the peak of its small rally in June. Now we find it at a key support level just outside of the trendline and finding support on our 21 MA as well. I am long on TDOC with a stop...
We can see a breakout to the upside of this ascending triangle.
If there is any hope for the S&P right now it may very well come from the healthcare sector with mega blue chip Johnson & Johnson. JNJ has managed to put in consecutive higher highs and higher lows on the weekly, and now also is confirming support on the .618 fibonacci level at $165.40. However, there appears to still be much selling pressure at just above $168,...
The targets on this chart are produced by a proprietary model. Data is fed into the model, the output is the targets you see on the chart. The support zone is also defined by the model.
Johnson & Johnson is a major manufacturer of cosmetic and sanitary products, as well as medical equipment and medicines. The company was founded in 1886. In general, the history of the company is mega-successful. The corporation expanded through the purchases of competitors and gained more and more market share in its areas. The company's progress is confirmed...
its just idea... breakout or breakdown 👀 possible rising wedge, ascending triangle or still sideways...
I absolutely hate this company. - Moving averages suggest bullish trend. - 3rd attempt at major resistance. - Doji Candle formed = change in trend/momentum. - "Inside Day" pattern formed = Suggesting a continuation of the current trend. In this situation, it should continue the uptrend for a short period of time until a new pattern/confluence forms. - However,...
Alot going on in this chart but bear(or bull) with me.. 100MA being tested, broke above trend line and alot of confluence occuring all at once while the "Variant" is the big talk of the days. Quite a bit of upside here if good PR comes out on OCGN. Otherwise we could see this get swatted right back down under the trend line and below the 100MA. My calls are in...
The share price appears unable to break out above the historic resistance level at 170.00, which represents a very strong bearish signal. Moreover, the price action has recently established a broad 1-5 impulse wave pattern, as postulated by the Elliott Wave Theory, as well as having developed an Ascending Wedge. Both of these developments confirm the bearish...
NYSE:JNJ \ Possible Scenario: LONG Evidence: Price Action TP: 175$ Call options, Strike 175$, 06/18/21 * This is my idea and could be wrong 100%.
Bullish Over 171.53 Price Target 179.83 Invalidated Below 166.50
JNJ which is a component of the DOW is scanning on A6 with a short squeeze setup. Using Fib extension 1.272 target, a price target has been identified to be approx $175. This extension was developed using the March 4th and 29th lows and highs, respectively. A6 scanning implies there is news being priced in and perhaps JNJ may announce or report new drug studies...