$JNJ heating upLast week we saw $JNJ bust out of the descending channel and Monday came with a strong shakeout. Handled the EMAs well and great price movement & volume to end the week. Been riding a position and may add more at the open.
JNJ trade ideas
$JNJ may breakout soon.There is a great deal to be bullish about for JNJ. I anticipate the price will find a nice runup as the recent bullish volume along with strong institutional exposure (70%) leads me to believe we find the price moving higher. The other fascinating observation is the strong earnings growth with virtually no new sales growth. This is a company run incredibly well & lean touting a net margin of 21%.
I like the EMA. I like that on this pass the Bollinger's are much higher in avg price & the price tapped mean reversion and continued to rise. Chart of this below, and the final chart will display pivot points for those that care about locating the war zone of support & resistance.
I am a JNJ Bull Folks.
JNJ Trade IdeaJNJ played according to levels previously, now trying to breakout through 154. Watching for volume to follow up.
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Strangles on Microsoft - MSFT, JNJ, PFE.
What do you think about these strangles?
Microsoft stock
Johnson & Johnson stock
Pfizer stock
NYSE:JNJ Johnson stock price forecast, Buy Breakout, Target 226.Johnson & Johnson (NYSE: JNJ)
Trade : Buy Breakout
Entry : 158
Target : 226.31 (68.31, +43.23%)
Stop : 145 (-13, -8.23%)
Posted on Sunday, December 13, 2020
Note : Johnson & Johnson stock price hasn't moved for a long time. Stocks like this, once they begin to move, often show very big moves. Not sure yet, but JNJ stock seems to be preparing for a rise. It would be better to find opportunities to buy when the price break out 158.0. If the prediction is right, resistances could be 158, 182.60 and 226.31. Supports could be 146.71 and 133.28. If they have been preparing something very big, there is a possibility that their stock price could rise over 270 level.
waiting on 161.8% fib levels ($156.52), rising wedge forming??watching for rejecting at 161.8% fib rejection when we get there.
see declining volume as a bullish signal as well.
Inverse Head and Shoulders Ascending TriangleJNJ has been struggling for quite a while..
Tried to break from a V bottom earlier this year...formed a long range that is almost looking like a rectangle..H&S noted recently and shoulders/.head marked with stars. Price must break neckling with an uptrend for pattern to be valid.
Neckline is 151.40/Right shoulder is 144.75/Left shoulder is 142.95/Price has broken neckline but not positive a clear uptrend is in place yet..you be the judge..
Possible stop below 147, so fairly close by..
Not a recommendation..
The Head and Shoulders Bottom, sometimes referred to as an Inverse Head and Shoulders, is a reversal pattern that shares many common characteristics with the Head and Shoulders Top, except it is considered bullish verses bearish and can signal a trend reversal..
As a major reversal pattern, the Head and Shoulders Bottom forms after a downtrend, with its completion marking a change in trend. The pattern contains three successive troughs with the middle trough (head) being the deepest and the two outside troughs (shoulders) being shallower. Ideally, the two shoulders would be equal in height and width. The reaction highs in the middle of the pattern can be connected to form resistance, or a neckline.
JNJ - Elliottwave analysis - 3rd wave up BUYJNJ - It seems completed 1st subwave of 3rd wave up and expected to coming down in 2nd subwave correction, which probably finishes near 149-146 zone. Buy with stop level below 142.89 for target of higher high above 165 as the whole impulse wave up from 135 level.
Give thumbs up if you really like the trade idea.
similar to msft,upsi love every chart, no hate on this one but it hasnt dont much since 2017. it is breaking the sideways channel but its such a slow mover I reccomend looking at something else. but hey if you are happy with 1-5% return this could be the play for you:) its a long term play. gl ! <3
inverse head and shoulders, broke out above neck linetwo scenarios. 1) bounce off support then higher move up 2) skip bounce and continue to trend upwards
Technical outlook: JNJ bullish scenario:Technical outlook:
JNJ bullish scenario:
We have technical figure Triangle in US company Johnson & Johnson (JNJ) at daily chart. Johnson & Johnson is an American multinational corporation founded in 1886 that develops medical devices, pharmaceutical, and consumer packaged goods. Its common stock is a component of the Dow Jones Industrial Average and the company is ranked No. 37 on the 2018 Fortune 500 list of the largest United States corporations by total revenue. The Triangle has broken through the resistance line at 09/12/2020, if the price holds above this level we can have possible bullish price movement with forecast for the next 13 days towards 158.15 USD. Our stop loss order should be placed at 143.06 USD if we decide to enter this position.
Fundamentals:
- Mexico could order an additional 22 million doses of coronavirus vaccine from Johnson & Johnson’s Janssen unit under a memorandum of understanding signed this week, Deputy Health Minister Hugo Lopez-Gatell said on Tuesday.
Heading toward 52 week highs?JNJ has been in a range for over a year now but looks to be picking up some momentum. Not sure how the vaccine news will play out but we already know something is coming. Our long position was tested around thanksgiving but thankfully we held. A completion of this upwave should hopefully take us to 155-156 area next
Ingenuity Trading Model is an algorithm used in- Stock, Forex, Futures, and Crypto markets. The model is a Geometric Markov Model : Focuses on reversal and continuation wave structures
In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model is the fractal sine wave structure you can find on any chart you look at across any market and across all time dimensions.
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$JNJ - great looking playJNJ has supportive ATR, Stoch is ok, MACD is wonderful and it broke the down trend. This one will make a move north.
