waiting for entryRecent bullish breakout met with resistance at 151.82
broke 9ema
support at 20sma
expecting retest the bearish channel before continuing bullish move
entry 140.70
stop loss 137.50
target 155.94
JNJ trade ideas
$JNJ Johnson & Johnson Trade setup
Potential run back to the highs, setting up a potential break to all time highs.
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JNJ next week !I advais you to not buy now , the time is for selling
wait my signal for BUYING (tell me )
JNJJohnson & Johnson (JNJ) | Market Cap: $393bn | Sector: Pharmaceuticals
After a 3-month consolidation, the stock broke out of a bull flag technical formation where a measured target is ~ $185.
Despite a weak earnings J&J seems to be breaking out The bear swing we saw in the last moth seems give place to a more bullish take over. Despite weak ernings
JNJ IH&S Neckline PushJNJ is looking healthy to push higher. The 8dma/50dma crossed today, a historically good sign for JNJ. There seems to be an IH&S forming on the daily, with JNJ nearing neckline level at 150. The MACD is beginning to converge quickly as well. With the recent ER beat, looks good to make new highs.
JNJ 157price target still the same. after a couple more candles looks like an inverse head and shoulders. already in a call. we shall see how earnings play out :)
Johnson & Johnson Earnings Estimates Q2 2020$JNJ reports earnings 07/16/2020
The above chart consists of earnings estimates (source: Yahoo Finance Premium) and a technical analysis.
Johnson & Johnson Looking for the next bull move Hi traders:
JNJ, is shaping up to a great opportunities for long.
We have price impulse to the upside, and now forming a nice correction structure channel.
I am patiently waiting for the last bit of price action to complete to give me extra confluence on a long.
I would like to see price correctively go lower once more and complete the smaller structure within the larger correction.
That would give me the best Risk/Reward to go long to the recent tops.
Alternatively, if price begin its bull run form here, then I would wait for breakout of this larger structure and look for continuation correction in the lower time frame.
Thank you
Johnson & Johnson Will FallJNJ has, like many of the individual stocks I have recently covered, also formed a long-term rising broadening pattern. But whereas with, say, Amazon, which is at the top of its broadening pattern's range, Johnson & Johnson looks to have completed that last stop in January of 2018.
After the final touch on the bottom, in this case March of this year, the price action generally follows the arc.
Johnson & Johnson Quietly Basing for ATH MoveTarget annotated in the chart. May take a few weeks, but looks strong.
PT still 157 JNJ is next. Entered this at .59. Down 8$. Should have a nice run up during the week for running. The good thing is that the call is for 7/24 so theta won't crush us. PT is 157. Closed above the resistance and looks like it's ready to break out of its down trend. Will sell for profit Wednesday. Don’t want to hold through earnings.
JNJ Swing higher? JNJ looking potentially bullish this week. Looking for one green 4hr candle to confirm this.
The weekly chart is looking to become bullish either this week or next week on the MACD cross over.
Target Zones above are on the chart. Stop at 139.50.
Best,
--d0x
$JNJ ER 7/16/2020, chart looks like a re-attempt of 153ish $JNJ ER 7/16/2020, chart looks like a re-attempt of 153ish target
JNJ - Bullish above 141.30Cup N' Handle forming on the 4 hourly and bullish sentiment seems much stronger at these price levels heading into the ER later this month.
JNJ 157 PTJNJ has earnings this week. Resistance is at 144.65. Going to watch it break. Broke out of its channel. It's moving sideways, so going to need the Monday candle to determine where we are going. Will most likely buy the 150 call for July 24th to give me a some time for movement as well as keep theta from smacking me. Play smart please
