Along with Tech stocks, essential companies like JNJ are experiencing resistance. This isn't the cleanest pattern nor my typical level for the stop of this pattern, however given the surrounding environment of other stick in this sector - I like this risk/reward for the first target.
After fake brekout, It is bouncing back from 20SMA
X FORCE GLOBAL ANALYSIS: Johnson & Johnson has shown great momentum in its small rally over the past few weeks. However, technicals demonstrate signs of prices having temporarily topped out. Technical Analysis - The first thing we spot is a textbook bearish divergence. - Prices form higher highs, while the Relative Strength Index (RSI) forms lower highs -...
hey guys, JNJ is retesting the major recently broken trendline. Chances are high that the market may drop from that and here is how we can catch this wave! pay attention to a horizontal decision range on 1H. bearish breakout of it will be a perfect trigger to short! initial target - 111.0 then apply trailing stop to catch occasional panic selloff. if the...
SHORT J&J : Small Trade Good Trading Gain % IT MAY GO DOWN TOWARDS $118, $114 SL $127.4
Johnson § Johnson is one of the companies working on coronavirus treatments§vaccines. They need to develop one otherwise as technically monthly looks very ugly
JNJ broke its 200sma this Wednesday, November 20th. *For more technical analysis information on this event, check in "related ideas" or click here: There was a short-term resistance as the trade range was still inside the triangle (check chart). Currently being broken
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
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Fundamental analysis In one of the first state opioid cases, an Oklahoma judge ruled against Johnson & Johnson, awarding the state $572 million, well below the over $17 billion the state was seeking in damages. Meaning... out of the 17 billion, they lost only 3.36%, and they expect to appeal the case, probably lowering this amount. Technical analysis On a...
Right shoulder worked well, now at a key weekly 200SMA. Further trade actions remain to be seen depending if we manage to close below the SMA. Move stops from shorts to capture profit. Overall still looks like a massive H&S setting up to break. Good Luck!
NYSE:JNJ Do you know Johnson & Johnson? Top company in the Healthcare sector that is forming a zone of accumulation with potential upward breakage on this rising triangle and if so we would be interested in re-entering Long on this asset that we still have in our portfolio in the long term. Why Technical Analysis? Ask Peter Brandt...
Looks like a right shoulder could be forming, weekly chart offers a nice view and divergence for the H&S pattern. A break to the low through 200SMA on a daily chart could signal a nice short. J&J tasked a Federal Judge to take over the 2400 lawsuits because of the baby powder fiasco so company is still dealing with the fallout. Could be a good trade for next...
Rising channel now testing its low and 200SMA. Potential to buy with a good risk-reward. Or see if we break lower on the open of the US session.
$JNJ is in a up trending channel and pushing against the upper trend line of the channel. I am seeing resistance area at 137.80 - 138.30. It bounced off daily support nicely and headed straight up. I feel confident it will hit the first profit target 137.80 early next week. This is where you should be taking profits if you are in JNJ. If JNJ runs next week, second...
Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell. For longer term, wait for the price to hit the bottom of the bigger pattern and watch strong price action for buy.