JNJ trade ideas
Johnson and Johnson Struggling Below a Historic Resistance The share price appears unable to break out above the historic resistance level at 170.00, which represents a very strong bearish signal.
Moreover, the price action has recently established a broad 1-5 impulse wave pattern, as postulated by the Elliott Wave Theory, as well as having developed an Ascending Wedge. Both of these developments confirm the bearish expectations.
Finally, yesterday's trading session resulted in the creation of a Shooting Star candle, which could be a precursor to an imminent reversal.
Overall, there seems to be a very strong confluence of bearish indications at present.
The 23.6 and 38.2 per cent Fibonacci retracement levels represent the most likely targets for such a dropdown.
Long | JNJNYSE:JNJ \
Possible Scenario: LONG
Evidence: Price Action
TP: 175$
Call options, Strike 175$, 06/18/21
* This is my idea and could be wrong 100%.
Symmetrical Triangle Ascending Triangle173.65 is the long term high.
JNJ has broken free of both triangles, as well as the bollinger bands.
Bollinger bands are set on this chart using an eighty day moving average verses the norm of 20. Price is above the top band today which is bullish, but it is likely that price will return to the inside of the bands.
No recommendation
JNJ 1.272 Fib Ext Target IdentifiedJNJ which is a component of the DOW is scanning on A6 with a short squeeze setup. Using Fib extension 1.272 target, a price target has been identified to be approx $175. This extension was developed using the March 4th and 29th lows and highs, respectively. A6 scanning implies there is news being priced in and perhaps JNJ may announce or report new drug studies that could ignite the price to push toward the 2.618 fib ext which is $186. If this is the case, then JNJ may as well run toward a psych tgt of $200 sometime within the next 14 to 34 trading days.
Declining MACD15m distribution is targeting highlighted support level (4h doji)
Looks like it is setting up a new high on the move but on lower MACD. Then a drop.
JNJ - STOCKS - 26. APR. 2021Welcome to our weekly trade setup ( JNJ )!
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4 HOUR
Bullish price action.
DAILY
Possible turnover and pressure towards previous highs.
WEEKLY
Expecting more bullish price movement.
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STOCKS SETUP
BUY JNJ
ENTRY LEVEL @ 164.20
SL @ 160.79
TP @ Open
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
$JNJ with a Bullish outlook following its earnings #Stocks The PEAD projected a Bulish outlook for $JNJ after a Negative over reaction following its earnings release placing the stock in drift C
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Breakout Play on Johnson & Johnson Johnson & Johnson just posted better-than-expected EPS data for Q1. Meanwhile, the company's shares continue to strengthen above the 50-day MA (in green).
A potential breakout above the clearly visible Bullish Pennant would signify mounting bullish momentum, which can be taken advantage of. Bulls can catch a potential upswing towards the major resistance level at 170.00, with the potential for further gains above.
$JNJ may still have juice leftOur primary wave count indicates $JNJ could still have room for some great upside, to find new highs above $200.
The main target is the 1.618 extensions from waves 1-2, at $212.20.
Below 150 would lead to a new wave count.
ABC??? Volume or Pattern? Earnings 4-20 BMOABC bearish pattern. Bullish harmonic pattern but D is not here yet.
Pattern says Bearish. Volume says Bullish.
I plan to stay on the sidelines for now.
No recommendation.
Sometimes I guess you just go with the flow, and sometimes best to do nothing at all. I am always heistant to call anything bearish as of late )o:
JOHNSON & JOHNSON (JNJ)In my work, I always try to combine fundamental analysis and technical analysis.
They are both important, especially on a topic as important as the covid vaccine.
Johnson & Johnson is about to be marketed, after the approval of the EMA on 11 March.
Exactly after the announcement, I bought the stock.
The JnJ vaccine has a much lower distribution cost than Pfizer since it can be stored at refrigerator temperatures, like AstraZeneca.
The difference is in the prestige and history that the company has.
Moreover, the share according to the average of analysts, still has ample room for growth, with an average target of $ 185 and a second "high" at $ 200.
Technically speaking, the price bounced off the bullish support trendline on Thursday, March 4th, and then broke the resistance trendline on the 12th, exactly the day after the announcement of the EMA's approval.
The trend is clearly bullish, but, even keeping in mind the analysts' opinion, I believe the first target in area 170 is more likely.
If everything goes well with the vaccine, the analyst targets could be greatly raised.
It is a different trade, to be constantly monitored with a trailing stop, in case there will be any hitches or cases of a block, as happened for AstraZeneca. Such an open market scenario would cause a crash, so you have to be ready to get out quickly.
Lazy Bull
1st target: 170
2nd target: 180
3rd target: 200
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$JNJ has baby fetus' in their vaccine - look it up$JNJ Said they don't have any evidence that the blood clots are related to the vaccine. That's like saying Hunter Biden doesn't smoke crack. Anyway, even though JNJ has alot of bad news surrounding them, it looks like it's forming an Ascending triangle. I am looking to play the ER runup. ER is on 4/20. Last earnings it ran up the day before and day of earnings. I don't think that it will run on both days due to uncertainty. I have currently have 1 $162.5c. My PT is $164-165. 4HR MACD curling up!
JNJ- POSSIBLE PUT OPTIONS - MAY 21ST 0.84 CONTRACTS $150All,
In semi recent news it's very possible JNJ loses the COVID contracts or at least long enough to take a solid tumble. IF it breaks into the red zone it should trigger a loss of a high and break trend downwards again to $145-$132 level. As always wait for conformation of breaking under first level and watch options volume/contracts for changes in price and news. JNJ in a prime spot to be shorted.
Also you can always cover with calls.
Head line traders...provides opportunities!JNJ presents buying opportunities...in context to:
1. Beta trade with broad index growth
2. Recovery - idiosyncratic growth
3. Potential over reaction re: vaccines
Wait for pull back into range. Buy on lower limits or wait and buy on a break trade!
Earnings up next...another reactionay opportunity!
