JNJ (NYSE) - Still BullishGreetings
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Pra Trading :
- Please care for Money Management
- Have a good psychology
- Do not be hurry to open position and do not do nothing if u see opportunity
- Evaluate and upgrade your trading plan
Execution Strategy :
- Know what you want to buy, see the Fundamental
- Decide that you are on investing or speculating
- Consider what your strategy based on Investing/Speculating
- Make Road Map Of Your Trading Plan
- Decide
a. Entry strategy
b. Cut loss
c. Target of Profit
Post Trading :
a. Do not be sad if you loss or do not be very happy if you win
b. Just become a normal without emotion, Do not put emotion into your trading
c. Evaluate your trading
d. Keep on Learning
e. Be Humble
Idea :
JNJ (NYSE) - Still Bullish
1JNJ trade ideas
Long Term JNJThis morning I am putting on positions in NYSE:PG and NYSE:JNJ as long term holds.
They both fulfil my thesis that if Sector Rotation theory holds the next sectors to outperform should be Consumer Staples and Healthcare. Both companies represent these two sectors in ways. I like their chart patterns as they are right now within pullbacks. These are also good dividend paying stocks.
Our trading plan on JNJ Today we will share our view and trade idea on JNJ.
First, let's start with the Weekly chart, so we can make an idea of the big picture:
Here, we can see the price inside a huge ascending channel. The price reached the upper trendline, and we saw a clear rejection there. Now the main conclusion of this is:
-If the price is not able to break above the ascending channel, we can expect more bearish pressure
-If the price breaks above the ascending channel, we can expect more bullish pressure
As we are not interested in taking short positions on stocks. Let's see how we plan to trade the bullish scenario in case it happens.
-On the 1H chart, we can see a clear corrective pattern on the edge of the Weekly ascending channel (ABC structure). Corrective patterns are continuation structures that tend to continue in the direction of the previous trend once we have a final structure breakout.
-The Current corrective structure is supported on a key zone. which is an important level to pay attention to.
-IF the price breaks the green line, we will consider that a confirmation of the current view, we plan to open positions towards the Final target, and we will protect our setup if the price reaches the first Fibo Extension. Our stop loss will be set below the structure. The risk-reward ratio we are looking at here is 2.4. and the expected duration of this movement could be from 3 to 5 months.
Now might a Good chance to setup JNJWatching 2021 National Governors Association Winter meeting today host by NY Governor, US president has expected to roll out JNJ vaccine once FDA approve.
Signal pre spiking
1. Volume is above average trade volume
2. Price consolidating with forming triangle
3. Price is below MA 150 & 200 might be undervalue
My concern
1. No news regarding pre order for JNJ vaccine
2. Competitor - pfizer vaccine is better with high effective rate
Leave you Dummmmps!!
*More dumps up More watt
Thank you Guys!
$JNJ BULLISH. 163.53$jnj catalyst, the approval of their vaccine, w the need for vaccines this can be lucrative for retail traders.
$JNJ is currently forming a double bottom on the daily time frame, right around that 159.80 with the price being bought up roughly around that 50 ema. Price took off earlier today but got over extended, right now we are pulling back right around that 163.53 which is where the 21 & 9 day EMA for another bull run, with the postures of the indicators on the DAILY, looking strongest I see upside potential.
New Bullish trend for Johnson&Johnson or... ?JNJ was made beautiful double bottoms where later than is made breakthrough resistance line and now he's back to testing.
Setups what needs to be looking for is if the price bounce and go up, or if some correction will happen to us, ABCD pattern looking pretty interesting...
If JNJ will rebound from support line, price target what we are will looking for is approx. at 186 or more if JNJ will give us ABCD patterns.
Market now is in very hot situation where we will see who is gonna win at this moment, bulls or bears.
Thank you for reading, feel free to leave like or comment if you like my analysis and work :)
Traditional|JNJ|Long and short *H.rLong and short JNJ *High risk
Activation of the transaction only when the blue zone is fixed/broken.
Working out the support and resistance levels of the consolidation zone.
* Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action, you can continue working out the idea according to your data, but without the support of the author.
The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %.
The breakdown of the upper blue zone - long.
Breakdown of the lower blue zone - short.
Working out the stop when the price returns to the level after activation + fixing in the red zone.
Blue zones - activation zones.
Green zone - take zone.
Red zone - stop zone.
Orange arrows indicate the direction of the take.
Red arrows indicate the direction of the stop.
Priority - The value of the priority parameter implies the author's subjective opinion about the more likely activation zone on this idea, this does not mean that this idea will be 80% activated by this parameter, the purpose of the parameter is to provide for the risk of the inverse of the zone parameter.
Example: "Priority Long: So the author inclines more in the direction of the activation zone open long trades, in this case, when reaching the activation zone in short you should be very careful, because this area may be highly likely to be punched about the breakdown/do not get to take/activate transaction from go to stop."
Please consider this parameter if you use my ideas.
SUM PNL: This parameter displays the total % of all closed ideas of the "new" format (according to the author) for this sector at the time of publication of the idea. The calculation is very "clumsy" just the sum of the profits of all the ideas, based on this indicator, you can more accurately assess the risks when working with my ideas of this sector. I present you the construction of the idea, you can use it yourself as you like based on your subjective view and risks, the calculation of the PNL indicator is carried out only on transactions that the author closed on TV in manual mode or by take.
P.S Please use RM (risk management) and MM (money management) if you decide to use my ideas, there will always be unprofitable ideas, this will definitely happen, the goal of the system is that there will be more profitable ideas at a distance.