JNJ trade ideas
Ascending triangle breakout, record annual income projectedTextbook ascending triangle breakout. I took a look at net income as a sanity check, projected to be record setting. Swing trade, could drop back down to triangle top for retest, set stop below that. Price target is the height of the triangle above the triangle, hence a copy of the triangle being used as a reference. Set target below that to avoid psychological whole number resistance.
JNJ BullishJNJ is a federally subsidized company and is currently making new highs. It is in the S&P500, and has been a consistently bullish stock throughout times. Right now it is in the middle of an upwards move. JNJ is one of the companies that has been producing the COVID19 vaccine.
I hope you have a wonderful holiday I will see you all Tuesday
Easy bullish trend for Johnson & Johnson (JNJ)Fundamental Analysis.
1. Industry: Corona Vaccin ++
2. Price: Relatively Cheap
3. Upward potential: 20-40%
4. Risk-Reward Ratio: 1:10
Technical Analysis.
1. Volume is growing
2. Support of the MA30
4. Financial Morningstar Score: A
4. Growth rate: 93%
5. Short-term target: 180
6. Long term target: 200-
7. High Dividend Rate
Johnson & Johnson (JNJ)JNJ is well positioned for an interesting 2021 as COVID vaccine is a driver of growth and rebound in its Medical Devices Division should propel the stock price to new highs. Unlike the vaccines from Pfizer (PFE) and Moderna (MRNA), Johnson & Jonson's vaccine only calls for one dose in the treatment regimen. This stock offers worthwhile risk-adjusted, total return potential with a dividend yeld of 2.80%
JOHNSON & JOHNSON D1Johnson & Johnson Company is one of the largest hygiene products companies. The company's shares have recently reached historic highs. The global pandemic influenced this significantly. Because the company's products at that time were in great demand and the company received quite large profits, which became an incentive for the growth of the company's shares. But most likely this is not the limit and in the near future we will be able to see the next maximum. The situation with the corona virus does not end, but rather picks up a new wave. What the statistics say. And although vaccination has already begun in many countries, it is unlikely that this will quickly solve this problem. Thus, the company's products will be actively sold and continue to further stimulate shares to grow.
JNJ - EW analysis - 3rd of C wave upJNJ - It is in 3rd wave up of C wave cycle. The internal 3rd wave is about to end and 4th wave corrction will starts, buy the correction for next higher high as 5th of 3rd of C wave up.
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JNJ Rising WedgeJNJ seems to have broke out of this rising wedge pattern, if it holds and surpasses the fib level at 158, 161 can come. Howver, on the flipside, if a reversal comes It would be best to take long monthly puts as IV is relatively low, and hold until mean reversion comes.
JNJ Possible Melt-Up in the New Year ? ! Approached ATH's with no clear rejection. If we see this support on its previous resistance (Blue) can be an even larger melt up.
Hitting Resistance - Wait for Breakthrough(Confirmation)Wait for it to break through resistance, it may pull back from here.
Is this JNJ's breakout week?Will it be a Happy New Year for Johnson & Johnson after breaking out this week?
J&J target price at $180.35 +17%J&J has activated a second impulse structure with target price at $180.35 that is +17% from current price. This value has as well a bigger second impulse structure activated with target price $228.66 +48% from current price.
👀🚨SUNDAY WATCHLIST 12/27/20🚨👀JNJ - This one is currently at a key point and could be a great play in either direction. Holding tight to its uptrend on Friday which also happens to be this 13 EMA level, I will be watching to see which way it goes from here and play accordingly. Strong bounce on Monday I will look at 155-160 calls and breaking this uptrend I will look to play 150 - 145 puts. Just be careful of fake outs Monday morning or any news to solidify a potential move.
