JNJ trade ideas
JNJ @ $156.55Buying is a very good strategy especially now that we are entering an AI Bubble Market
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So what is a bubble market? you may be thinking
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Well, a bubble market is when the global recession is on while some stocks are hitting new highs for example Nvidia NASDAQ:NVDA , IBM NYSE:IBM And Amazon NASDAQ:AMZN .
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But with this chart, we have a stock you can short.
As you look at this chart notice that the price is below the parabolic SAR?
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This means its a safe bet to short-sell at this position
but remember to exit when the Parabolic Turns
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Also another strategy which i love is called the rocket booster strategy which you can use to combine with the strategy above.
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Check out the resources below to learn more about the rocket booster strategy.
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Also rocket boost this content to learn more.
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Disclaimer:
These are just ideas please do your own research before you Buy or sell anything. This is not financial advice.Take this as a warning you will lose money trading.
Forming a beautiful flag pattern with upward trendForming a beautiful flag pattern with upward trend, with a short term target of $166 and then next target around $170.
Overall trajectory is downwards, unless it breaks that downward trend.
JNJ breaking 7~8 yrs long bullish trendMy short term target is $169. Once it hits the target, we will need to watch which direct it decides to go.
Johnson & JohnsonIf counting candles is correct, expect a significant drop from start of 2nd week candles.
Just my view.
Bullish For right now, better setup short at a later date.Thank you as always for watching my analysis on JNJ. Please feel free to share, like and comment this post! May God bless you and your family.
JNJ Trade ideaJNJ is forming a bearish flag pattern and a short trade can be planned on the breakout of the pole.
Waiting for a pullback and reaction at the support levelAfter the price bounced off the resistance level, we wait for a return to the support level. We expect a reaction at the support level in the form of a candlestick pattern or a technical analysis formation, such as a wedge or triangle. When an opportunity arises, we take a long position. We set the stop loss below the support, and the take profit at the next resistance
Johnson & Johnson breaking down?Johnson & Johnson broke below a decade-old trendline after recording the highest sell-off volume in its history and remained suppressed below the 50-month Moving Average. Technical resistance will be at play and the probability of breaking higher is pretty low unless some fundamental forces come into play.
The entry price is a bit pessimistic but such a huge sell volume on a three-month price decline can suppress the price. Plus a Bearish stochRSI divergence and an expected decline in earnings. Maybe we will see a gradual decline in the stock price.
Worth monitoring.
JNJ VERTICAL PUTI think technically its overbought but still can go up so I'm going to do vertical put strategy for it in order to close short put in upper line of stop loss and take profit further in correction
H&S Pattern on JNJ Neckline of H&S pattern was broken.
JNJ formed a 1-2-3-4-5 Motive Wave after the neckline was broken. Corrective Wave being formed now. A wave is over. B wave to form this week. C wave may go up to the upper resistance level. Thereafter, JNJ to begin a long downtrend.
Johnson and Johnson: Can you catch a falling knife?NYSE:JNJ is not an exception to the falling share prices due to the macro-economic environment. Despite this company’s Q3 results beating the wall street estimates, the stock price keeps falling. We are expecting a rebound soon as confirmed by the Nedium indicator.
This trade is quite aggressive now but the conservative traders can wait for price action to show a low forming because we believe the price can fall lower before the bull run and that's why we have a wide stop loss.
Trade Set up
Entry price: 145.60
Target price: 183.69
Stop loss price: 127.36
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Bearish on JNJ.
I was bullish on JNJ until I saw this today. We have broken through a long time support. With a strong Heikin Ashi candlestick. I am waiting to see if there is substantial volume at the close and then I would enter some maybe week out puts. The green line would be my profit target for JNJ. #jnj #puts
Bullish trend swing trade.
As you can see here on the daily time frame, we have respected this level on the weekly time frame support level. I am watching to buy at the close of a strong green heikin ashi candle stick bounce off of this zone with high volume. Keep your charts simple! As always, thank you for watching and reading my analysis.
JNJ might see a retrace to the upside. - The price reached support, plus VAL
- It has a green buy signal
- Bullish div on the RSI and Momentum wave
JNJ Bias downside if 2nd support break21st Oct 2023,
Break below long term ascending support, went lower to touch $150 (Another support) level before rebound.
Watchout, break below $150 again, will send JNJ lower.
$JNJ - almost time to enterLooking at the chart dating back 5 years for NYSE:JNJ , there is a decent entry point around $150. Looking for a slight drop in current price to enter. Entry point will follow along the 5 year trend line with a support level as well.
FlagI am not sure but I think JNJ had earnings earlier today.
Looks like a flag may have formed that is neutral until broken.
Short interest is less than 1%.
Long tailed spinning top today.
No recommendation
JNJ earnings JNJ is possible to test the high of August.
After tested, it is probable to sale on top.
JOHNSON & JOHNSON Double buy entry.JNJ touched Support (1) at 153.20, a level holding since June 1st.
Along with Support (2) at 150.10 are the major buy levels for the long term.
The medium term Resistance is the MA200 (1d).
Trading Plan:
1. Buy on the current market price.
2. If Support (1) breaks, buy on Support (2).
Targets:
1. 162.00 (expected contact point with the MA200 (1d)).
2. 161.00 (expected contact point with the MA200 (1d)).
Tips:
1. The RSI (1d) shows that the stock price in the past 12 months bottoms a little after the RSI forms a Double Bottom. It makes a slightly lower low. Be on the look out for one.
Please like, follow and comment!!
Strong Support zone with Upside PotentialSince 2022 JNJ is trending sidewards, testing the zone from $155 to 150$.
We are close to this zone, so a potential buy opportunity is coming.
Buy zone between $150 and $155, Target is $180 which is still under a fair price of $200
Stop should be near $145, if this break, the price could fall further down near $130 or worst case to $110 if the momentum is to big.
JNJ - head and shoulders hi Traders
JNJ looks pretty bearish now.
We can observe a head and shoulders pattern on JNJ.
The breakdown is happening right now so it's still early to take a short position.
Take profit and final target are shown on the chart.
If the price bounce back and we get a bearish retest , it would be also great opportunity to add more into the short.
Good luck
How To Analyze Any Chart 📚📹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Today we are going to go over a practical example on #JNJ , but you can apply the same logic / strategy on any instrument.
Feel free to ask questions or request any instrument for the next episode.
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, all strategies are good if managed properly!
~Rich
