JNJ trade ideas
JNJ - Weekly Review Feb 25 - Mar 01Weekly Outlook chart is in the related ideas. JNJ ran up on the first day of the week. Couldn't hit daily profit target and sold off after hitting the upper trend line of the channel, pulled back the next couple of days and then made a move up and hit both daily and weekly profit targets before selling off and then finally on Friday it broke and closed above the targets finding resistance on the monthly resistance.
$JNJ - Weekly Outlook Feb 25 - Mar 01$JNJ is in a up trending channel and pushing against the upper trend line of the channel. I am seeing resistance area at 137.80 - 138.30. It bounced off daily support nicely and headed straight up. I feel confident it will hit the first profit target 137.80 early next week. This is where you should be taking profits if you are in JNJ. If JNJ runs next week, second profit target 139.55 is also possible.
I got into JNJ when I saw it successfully bounced off support and I will exit my position when it hits 137.80 which could be Monday or Tuesday (unless for any reason market sells off at the start of the week). For a longer-term JNJ perspective, Mar 04 looks to be the date when FDA is expected to give its approval on the JNJ's new depression drug. Once approved, JNJ can see a decent pump.
US-China trade news can make it go in either direction. Deadline of Mar 01 is next week. Next week is news critical. Markets will make moves depending on what kind of trade-related news we get.
If you would like me to analyse a stock ticker, please feel free to mention in the comments.
News article for JNJ's new depression drug: www.businessinsider.com
Broke Above Resistance $JNJJNJ has been on a tear recently. After being stuck at 135 for a few days it has broken above. A clear break out with good volume. Also the 20 and 50 MA just did a bullish cross. Long target at 140.
JNJ Closed above the 20Week Moving Average bullish RSI-LongJNJ Closed above the 20week moving average,
has a bullish RSI divergence above 50 and
has a J-hook pattern.
Immediate target is 150 area and short to intermediate
price target appears to be 162.97-167 within a parallel
channel. 02/15/2019, Moody's maintains AAA rating
with rising revenue. After many years, TALC issues
are baked in. Evidence is earnings jump, buyouts, Apple deals, New Depression drug
with major Future cash flows and new revenue streams ahead.
Latest market decline had little impact on JNJ.
The worst appears behind JNJ with growing revenues.
JNJ long ideaJNJ has a tight bull flag on daily charts. If it can breakout of this flag there is plenty of room higher.
$JNJ quick little short to 129$JNJ failed at Fib level with huge volume on the topping candles. Looking for the retest as bullish variant and new lows for the bearish one. 129 confluence of 200MA, volume node and resitance level
JNJ looks like a good setup opportunity for going long JNJ seems to have weathered the immediate storm resulting from the news around the asbestos. The MACD looks promising and the trend currently holds at the bottom of a very long term upwards channel. However, JNJ shall not break down below the lower channel boundary for too long to stay the course.
JNJ SELL (JOHNSON & JOHNSON)Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
For longer term, wait for the price to hit the bottom of the bigger pattern and watch strong price action for buy.
JOHNSON & JOHNSON (JNJ): ABC Correction In Progress?Find Winning Trades In Seconds >> efcindicator.com (Special Discount)
We just saw a submerged crossover bear flag (white bar). This corroborates with the continuation of ABC correction.
JNJ Approaching Support, Potential Bounce! JNJ is approaching our first support at 117.78 (horizontal overlap support, 100% fibonacci extension, 50%, 23.6% fibonacci retracement) where a strong bounce could occur above this level pushing price up to our major resistance at 136.78 (horizontal pullback resistance, 61.8% fibonacci retracement, 61.8% fibonacci extension).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
