JNJ: buy opportunity here?hello everyone. there is a long scenario for JNJ here. i will open long position after break out.
About Johnson & Johnson (Extended Hours)
Johnson & Johnson is a holding company, which engages in the research and development, manufacture and sale of products in the health care field. It operates through the following segments: Consumer Health, Pharmaceutical, and Medical Devices. The Consumer Health segment includes products used in the baby care, oral care, beauty, over-the-counter pharmaceutical, women's health, and wound care markets. The Pharmaceutical segment focuses on therapeutic areas, such as immunology, infectious diseases, neuroscience, oncology, pulmonary hypertension, and cardiovascular & metabolic diseases. The Medical Devices segment offers products used in the orthopedic, surgery, cardiovascular & neurovascular, and eye health fields. The company was founded by Robert Wood Johnson I, James Wood Johnson and Edward Mead Johnson Sr. in 1886 and is headquartered in New Brunswick, NJ.
JNJ reached a very high peakRegarding the stock of Johnson and Johnson, it reached a very high peak, now it is time to go down, and this is based on the relative strength index, as it gives us clear selling signals, which are as follows:
Negative difference
Retest a broken trend
Probability of a harmonic pattern
It is better t
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