JOHNSON & JOHNSON

NYSE

JNJ

JNJ had broken down from a h&S and almost hit the measured move target 128. now it is back testing the neckline again. let's see how it goes

Monthly candle closing on watch. RSI weakening. Will May rhyme December? Watching.

*****INVESTORS IN NYSE:JNJ CAN'T WAIT FOR MAY TO BE OVER, ALREADY DOWN 7% AND 5% IN ONE DAY , NEXT SUPPORT IS ANOTHER 6% AWAY AND IT LOOKS VERY MUCH LIKE THAT IS WHERE THE PRICE IS GOING. OPIOID LITIGATIONS CONTINUE TO BE A DRAG ON SENTIMENT AND THAT ISSUE WILL INTENSIFY AS THE CRISIS INTENSIFIES. AVERAGE ANALYSTS RETAIL PRICE $148 AVERAGE ANALYSTS...

On the daily chart, the instrument has started a new bearish trend as the price is moving under the Alligator indicator with AO below the zero line after divergence in the correction. I expect the price to continue the downfall if we break the recently formed sell fractal. My TP and SL levels are marked on the chart.

JNJ has bounced off the 200MA. The last two moves pushed slightly through it, hence my entry at 137 for another touch, with a stop of c.1% (135.50) below the MA and parallel channel line, and a modest target of 143, the Sep 18 high, giving a 4:1 trade. The 2018 price/action below the MA shows this stock does take that indicator into account. Note also a fairly...

lovely look

Buy long signal @140.86

Tight entry on JNJ for a potential $5 move If I see it flag under $146, I’ll buy through there as well

Well... another good one to keep in watch.

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...

A weekly chart reveals the long-term trading range in which JNJ has been stuck. This Dow component ran up due to buybacks around the start of this year. But the trend and volume-based indicators show a lack of quiet accumulation by Dark Pools. The stock slid down ahead of its earnings release today and gapped up slightly on the report, but there has been...

Position on the chart.

Comments on chart

NYSE:JNJ

Bouncing off the channel and trying to defend the 100 ema #technicalanalysis #chartpatterns #Gann #JNJ

Two inside candles have formed after the big red candle of 3 days ago. Generally inside candles indicate a pause in the current trend and as these two happen to also be dojis they caught my attention. Price action is currently near most recent support which might indicate a swing is around the corner.

The current level of $136.18 is a safe entry/hold. If price is not dropping below $130 range until early June/July, there is a higher probability for uptrend targeting $150-160 range.

This could bull back up with the bullish trend the stock has