Description: JNJ is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position.
Stats:
1. Ideal buy range: $157.1 - $161.8
2. Take profit: $171.04
3. Stop Loss: $154.7
4. Risk To Reward: 1 / 2
5. Accuracy Rating: 75%
Price was out of the water of the Bollinger Bands. Look for price to come back into the water to fill the gap and then we may see the downward pressure resume.
With the news that the CDC is pausing J&J vaccine distribution due to blood clot issues.
I'm assuming we should see it tank at the open? You're guess is as good as mine.
In my opinion if we see price drop it should be a good time to buy, because everyone else is selling.
The level I'm interested in is $147-$150.
It is an untested point of control where...
Johnson & Johnson Company is one of the leaders in the production and sale of hygiene and care products. The shares of this company are among the first echelon of the American market. And they almost always provide stability for investments. After the market collapse at the beginning of the epidemic, the company's shares managed to reach a new historical maximum...
I love JNJ long and believe that they are going to be fine with the recent COVID-related dip.
Their vaccine could do more damage than AstraZeneca's and governments will still buy it in order to herd the sheep.
You need to understand that JNJ is so much more than a vaccine company.
Expect this stock to go back up to the $167 level, as well as breaking the $170...
Still retracing from a recent run-up. The previous week's profile looks like a 3 to I selling day, so might see more downside into next week, hopefully to 160 or lower. I'd want it to be 160 or under for a long.
Sharing my thoughts and observations on JNJ. I think that confirmations are in place to see a fifth wave unfolding. SL set at what seems to be the end of Wave 4 and TP on the projection from 3 to 4 (reverse Fibo -38%). RR 2.2.
With good news out regarding the one-shot vaccine and multiple bullish signals this could be a great play.
Descending wedge and potential inverse head and shoulders could see price rise to £170 and beyond.
Beware of some resistance around £165.
The PEAD projected a bullish outlook for $JNJ after a positive overreaction following its earnings release placing the stock in Drift B
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Pra Trading :
- Please care for Money Management
- Have a good psychology
- Do not be hurry to open position and do not do...
