JNJ still in the correction mode, today's bounce is not impulse and looks to be ABC for wave 2 in the final leg of the downside. Expecting to bottom around 140 area. Let's see how this plays out.
Weekly fractal of 167.62 has been hit, after a sleeping alligator on both daily and weekly. Price is now on the bullish side of the alligator's mouth for both timeframes. Stop loss is the daily redline which today is 160.42 and in 5 days it will be 162.58. There are no more fractals on the daily chart. We will see any newly created bullish signal for possible add ons.
A daily close above 174 is super bullish. I am sort of conflicted though on the over all trade. The chart has been in a trading range since Feb 2021 and it is finally breaking out but and this is a BIG BUT........ It is on LOW volume and we all know how that normally turns out so my thesis is short term bullish on this specific trade.
If we keep seeing rotation into value, JNJ is a good pick imo Entry: 173.50 Target: 175.30 / 179.65 ***Disclaimer: This is just a trading idea, not a financial advise***
For much of the previous decade, the stock of diversified healthcare behemoth Johnson & Johnson has consistently delivered market returns (if you count dividends as part of total return on equity). Investors flocked to this company because of its solid balance sheet, its status as a dividend aristocrat, and its unique ability to consistently bring new blockbuster...
JNJ in an attempt to breakout resistance @ 170-172 with a good setup pattern. Please see the details on the chart. Take notice that JNJ is a defensive stock, just in case. Thx.
Hi everyone, $JNJ formed a nice Double Bottom pattern on Daily timeframe . The price hit twice the strong support formed at around 155 price level. It recently broke the resistance level at 167 and now it is ready to test it again as a support level. If tested successfully it offers a really nice buy setup. If you like the idea, do not forget to support with a...
Nice relative strength today on this name which we pointed out on the live stream in our group. Market fading some gaps, but whole market not crashing as healthcare and others with nice moves so far! Go with what's strong! $PFE still going from yesterday too!
After correction, NYSE:JNJ started its bulling trend to break its ATH. Note: Market has two sides and we should not trade according to prediction and assumption, while you should notice the time of the market.
$JNJ possible bullish continuation after breaking out from todays resistance. buy calls above $171.50 buy puts below 167.76
Price closed above EMA 10, EMA 20, and Horizontal Support Resistance Level.
Johnson & Johnson is often a dull stock, but it had some exciting price action yesterday. The health care giant dropped 1 percent in the initial seconds of trading, undercutting Friday’s low. Buyers immediately came out of the woodwork, driving the stock to its highest close in over three months. The result was a large bullish outside candle. Next, the surge...
$JNJ setup looks good right now. it could possibly continue to go up tomorrow. just FYI this stock moves about $2-2.50 on average. so its moves kinda slow. next resistance is $170.50 buy above 169.24 sell at 166.70
Nice opportunity to go long on JNJ within the area between 161 and 165. The best is to wait until the price enter the zone highlighted. The level should hold the price between this zone, so keep an eye on it and secure your profits. Happy trading.
TSI Shadow triggered a bullish crossover and candles have closed above the Filter Line. I will buy shares at the open today. I will scale out 50% of my position when it hits 3R (11.63%) and let the rest run until price close below the 100-200 cloud/ribbon I will not close the trade if price close below the 100-200 EMA cloud before price reaches the 3R, i will let...
Initial entry 162 Re Entered at 164, stop 155, target 170.
I am a data science enthusiast and decided to share some of my models results here. My current model scans over 300 stocks and 300 etfs. It tries to predict probable moves over the next 10 trading days. JNJ has been one that has been highlighted. Think the model is on to something considering that it has had quite a move down the last few months. The model has...
Perhaps JNJ can lift-off after a long consolidation. We have a bit of positive divergence on our side (price down/RSI up), along with negative real interest rates and positive seasonality.