your mum uses these productsok anyone with half a brain can see this bad boy is in a strong uptrend. red hollow momo hammer bouncing at the bottom of the channel.
i circled a very strong pattern looks like it needed to close above 149 to confirm it (which it did) very strongly
they also are working on a corona virus vax. so lots of plays in store for this bad boy
if it breaks ath it can see a serious run here. short term target 153.20 long term 170
JNJN trade ideas
JNJ: Huge long term signal...massive breakout!I had to publish this one, $JNJ offers tremendous upside with low risk for the long term here, akin to buying the breakout of the ATH in $SPY a couple months ago, but today.
Targets on chart, invalid if we drop below 134.
You could buy up to 30% in it, if you're not too risk averse.
Cheers,
Ivan Labrie.
Things are looking up for Johnson & JohnsonJohnson & Johnson beat Wall Street's earnings expectations yesterday and raised its full-year guidance. The company has also been steadily settling opioid lawsuits, with another settlement rumored to be in the works soon. JNJ is rated highly undervalued by S&P Capital IQ, and its post-earnings run looks to be the slow, steady kind rather than a big spike. That's what I like to see. I've picked up a little JNJ and plan to ride it up to at least the 139.50 resistance level. I'm considering a long-term hold, although the political risk makes me cautious about this sector going into an election year.