Johnson & Johnson Trade Idea #JNJThere's an old saying that goes by "Sell in May, and go away until Labor Day"
As #JNJ continues to make lower lows, by bias is shifting towards the bearish outlook.
I know sometimes it's tough deciding when to close positions and lock-in profit because you fear you might miss out on the right opportunity to re-enter the trade. If that's the concern, what I suggest is to continue to manually trail a pending "Buy Limit" order above the highs of each candle. As the price continues to fall, continue to manually adjust the trailing pending buy limit. This way once price action makes that higher high, our trading platform will automatically execute our buy position from the pending buy limit order.
If anyone has any questions, feel free to leave them in the comment section below.
Trade Safe - Trade Well
Warm Regards,
Michael Harding
