JNJ trade ideas
Another vaccine?Hello my friends,
It's been a while since I last posted. I have been monitoring the markets and making sure I can find a good deal before I share it with you all.
So I have been following $JNJ for some time now. $JNJ is currently in their trail 3 of their vaccine efforts and should be concluding sometime this month. You probably think the hype for vaccine is over due to $PFE and $MRNA already taking the spotlight, but I don't believe that is so. $JNJ will be the first vaccine that only requires 1 shot and no follow up. This is a huge difference in many aspects, logistically and personally. Logistically, you ship 50% less product to the same consumer base as the previously mentioned companies. Also consider the vas number of people seeking the vaccine every year. JNJ has a yearly goal of distributing 1 billion vaccines worldwide, every year. Personally, people are already hesitant when it comes to the vaccine. Those who are hesitant are put off by a 2 shot system, it's just not a viable long-term solution. A 1 shot system is what will stick around for years to come. Also, JNJ is a trusted name worldwide so I believe it will be the primary choice for yearly vaccinations. On December 1st we had a random spike in price, I believe their is talk about the vaccine and it must be good news, of course this is just speculation.
TA:
All red lines are points of resistance. When/if the price closes above it, it should leap in price.
First Resistance at 148.72; we are currently struggling with this price for the past few days, if we can close above this, price is free to run up to around 150.00
Other red resistance lines are created from previous highs in price range, with 156.94 being the previous ATH
Orange tread lines: This is the channel we have been bouncing around in for the past few months. I believe vaccine news will allow us to break through this range
Fibonacci retracement is in gray/white. This was built off the dip created in March after COVID. It seems to hold true
TL;DR:
BULLISH FOR 3-6 MONTHS. If vaccine news is positive, JNJ will run up dramatically in price. JNJ is known known for gapping up on good news.
Positions:
Safe bet: Shares, hold until next EPS
Moderate risk bet: Outdated calls for next year around March
High risk bet: End of the month calls, banking on vaccine reveal
JNJ WEEKLY!!JNJ on the weekly. Its chewing through that overhead supply. A break above could see some follow through. Just an observation. The R/R will be there if so.
JNJ Elliot Wave Setup [Daily]JNJ Elliot Wave Setup
Wave 1 : 133.65 - 151.5 (17 days , $17.85)
Wave 2 : 151.5 - 142.5
Base formed in Wave 2 last 4-5 days ,retraced upto 0.5 levels of Wave 1
Keeping 140 as Stoploss ( 0.618 levels) we can enter above 145 for a initial target of $17 ( Wave 1) for a approximate period of 18 days (around December 20th)
Keeping 160 as a trailing stoploss we can initiate a target of 1.62x of Wave 1 amounting to 145 + (17 * 1.62) approx. $170
Reward 170 - 145 = $25
Reward 157 - 145 = $12
Risk 145 - 140 = $5
R:R = 1:5
or
R:R = 1:2
In my view its a good setup , would be happy to hear your insights on this
Johnson & Johnson Buy low , sell high.
Alarme mise sur la zone de support et attente qu'elle soit touché.
Il s'agit de l'endroit où les smart money commence à investir.
It can possibly a tripple bottom patternIt can possibly a tripple bottom pattern
& rise it to 165.58
$JNJ has a bullish set upLooks extremely bullish - definitely watching this stock.
(1) Price above Kumo
(2) Future Kumo bullish
(3) Senkou span A & B with positive slope
(4) Both Tenkan Sen & Kijun Sen have +ve slopes
(5) Chikou Span above the price & free to go up
(6) ADX > 25
JNJ reversal @ $148, buy 20 NOV PUTs $147 @ $1.45-$1.50JNJ broke through 200 SMA. The 13 SMA & 30 SMA are preparing to cross, the MACD pre-confirmation has already occurred, historically indicating reversals for this stock. There is looming vaccine news that can impact performance but if news is mired in political discourse, reversal should hold. Got in at $1.48, looking to sell at $2.95 o/a 18NOV. $0.90 stop loss in place.
JNJ - Elliottwave analysis JNJ - It is in double zigzag WXY, where C of Y wave in progress, wait for 4th wave correction of C as choppy to finish near 139-140.50 zone. Sell it for new low of 5th of C wave of Y down below 134 level.
Give thumbs up if you really like the trade idea.
Johnson and Johnson drops again. NYSE:JNJ I can't look at a whole bunch of pharma stocks and just skip JnJ. For the uninitiated, this is the largest Pharmaceutical company in the world (by far) and a major, major player in the world of medical devices and OTC consumables as well. Anyway, down we go, and, not financial advice.
Limited upside potential for vaccine playsIt seems that much of the upside for the vaccine play has been priced in. Cannot see very much more, other than one getting luckier than the other. It is a horse race right now, they are all neck and neck it seems. Astrazenica, which is not included, may be ahead right now; but not for long it seems.
