JNJ trade ideas
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.
Dow Stocks Johnson & Johnson (JNJ)A look at JNJ, A lot more weekly and monthly points where I see some resistance happening
JNJ Approaching Resistance, Potential Drop! JNJ is approaching our first resistance at 132.37 (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 119.46 (horizontal swing low support, 100% Fibonacci extension).
RSI (89) is also seeing a bearish exit and we might see a corresponding drop in price.
JNJ Long Term Short & Weekly Double TopDamaged sentiment. Damaged general market conditions. Very nice chart setup. Early entry short at 121, confirmation entry upon break & close below 120.
Will be picking up some long term ATM Naked LEAPS upon safe breaking of 120.
The yellow areas are vulnerable places where price may visit, "vulnerable" meaning that price never went back creating an unfilled gap..
Smaller area is actually a strong support zone, and may be a shorter-term profit area.
Johnson & Johnson analysisBiggest scandal for the company in decades about asbestos in baby powder still weighing heavily, pre-market showing already another lower open on Monday. Still waiting for the 120 level and 200SMA to be tested to look for a long position as the scandal eventually blows over and investors go long on this stock again.
