JNJ @ daily @ closed last 6 trading days lower every dayThis is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
.zip (with PDF`s) @ my Google Drive
Closings Bearish (Dow Jones Index incl. all shares)
drive.google.com
Best regards :)
Aaron
JNJ trade ideas
Johnson&Johnson seen lower in the coming weeksThere is no real change in the dominant bear trend, as prices pressure $110.00.
Stochastics and sentiment continue to weaken, highlighting further downside risks into the coming weeks.
In tandem, Healthcare is also weakening and, along with JNJ, further underperformance relative to the SP500 Index is highlighted.
JNJ short...I am taking a short JNJ trade set up. Monthly is bullish. No sign of topping yet except we can see price is pulling back. Weekly is at resistance of Kijun and prices are consolidating under. Daily is bearish and once this support gives me we can tag 200 sma and possibly lower at highlighted support. Earning are next week. Trade carefully
JNJ- short from today's open JNJ is very strong company but recently experiencing negative rollover with very sharp negative money-flow divergence. There are also insider selling as well.
We like to short it from current level & our first target is 112.73
On the option side we are looking for Jan17- 120 put currently trading at $3.90
"You can check our detailed analysis on JNJ in the trading room/ Executive summery link here-
www.youtube.com
Time Span: 6:40"
Trade Status: Pending
JOHNSON & JOHNSON triangle Patternthe Ascending triangle is a bullish chart pattern used in technical analysis that is easily recognizable by the distinct shape created by two trendlines. In an ascending triangle, one trendline is drawn horizontally at a level that has historically prevented the price from heading higher, while the second trendline connects a series of increasing troughs.
Traders enter into long positions when the price of the asset breaks above the top resistance. Wait for the breakout of the structure before entering the trade. Beware of the red resistance level shown.
Español:
El triángulo ascendente es un patrón gráfico alcista utilizado en el análisis técnico que es fácilmente reconocible por la forma distinta creada por dos líneas de tendencia . En un triángulo ascendente , una línea de tendencia se dibuja horizontalmente a un nivel que ha evitado históricamente el precio siga subiendo , mientras que la segunda línea de tendencia alcista que conecta una serie de bajos mas altos.
Los traders suelen entrar en posiciones largas cuando el precio de la acción rompe por encima de la resistencia superior . Esperen a la ruptura de la estructura antes de entrar en el trade . Cuidado con el nivel de resistencia de color rojo mostrado.