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Johnson & Johnson
Updated

JNJ watch $156.72-158.17: Double Golden Fib zone about to break?

170
JNJ struggling against Double Goldens at $156.72-158.17
After many tests from underside, it looks ready to break.
Above this zone are only scattered clouds for some ways.
Trade active
POP
snapshot (yellow shaded area is from posting time)

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Closer look
snapshot
Nice pop from Golden Covid to minor Covid fibs.
4.28% for this stock is quite a bit of a move.
So we can expect some consolidation here.

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What next?
snapshot
Looking for 4 more TP's with last one for 13.45% gains.
Stop Loss at Break Even for now, lets see if it continues.

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Note
TP2 hit
snapshot
Closed another 20% of the position.
Stop loss still at break even for now.

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Note
TP3 hit
snapshot
Closed another 20% of the position.
Moved StopLoss up to $163.98

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EuroMotif
Mod
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
FibonaccigoldenratioSupport and Resistance

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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
FibonaccigoldenratioSupport and Resistance
EuroMotif
Mod
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.