JNJ made a bearish move after earnings.
There was a recent period of consolidation / pause.
Opportunity to look for break-down of support to make a bearish trade
JOHNSON & JOHNSON.
We're currently in a bearish trend, could we go back to the upside?
I believe that we could see some real bullish movement if prices takes out our prior higher high sitting near the 134.00 Region, up to highs of at least 142.00.
TP: 142.00/146.00/148.00
Sector: Healthcare. Pharamaceuticals.
Vol: 1.544M
EPS: 0.47
Market Cap: 351.585B
P/E:...
JNJ is yet another giant trading under the 200SMA.
Even though we had a strong earnings beat last week JNJ was not protected from the dip.
When the inevitable bottom is formed, I will be looking at these large caps under the 200 for bargain buys.
Hard to say what the near term status is for JNJ, following that of the market.
I would be looking for buys in the...
20171017 - Product Pipeline
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I drew two support levels where JNJ could bounce off of. I'll be watching how the candles form over the next few days. For my daily trading log, you can view them here: www.youtube.com
JNJ had a massive move down on their earnings. This is one of the largest candles I can even find on the chart for JNJ. As is approached the 50EMA I was looking for Bull Put Spread or Put Sale premium. Because of dividends being at the end of February and the 200 SMA down around 134. It seems like a no brainer.
J&J STOCK, AFTER BREAKS UP A TRIANGLE PATTERN IS PULLING BACK TO SUPPORT AT 137.25, WHICH GIVE A GOOD OPPORTUNITY TO ENTER .
I AM EXPECTING THE STOCK HOLDS AT SUPPORT AND BOUNCE. THE INITIAL TARGET COULD BE 145, WHICH IS THE 200% OF FIBONACCI EXTENSION OF THE PREVIOUS LOW.
HOWEVER, THE TRIANGLE CALL FOR A LONG TERM TARGET OF 151-152 MINIMUM.
IF THE STOCK...
11/18/17 - JNJ has been on a majestic bullish power trend since 03/09.
You can't be anything but bullish long-term. If we were trying to time the market or at least get a better price, we might want to wait for a 10% pullback to the most recent pivot high of 123-126ish from August 2016. If that area of 123-126 is taken out I would be more bearish than bullish with...
She broke out with higher than average "bullish" volume and is currently coming down to re-test that new support on lower "bearish" volume. It might hang around this price level for a bit, but Its a good opportunity to go long around 136-138. If it manages to hold on this support level, you will see higher prices as it can continue on the upward trend channel. If...
