JNJ has bottomed and can rise by +50%Johnson & Johnson gives a very clear idea of its trend on the 1M timeframe. The price may be under the 1D MA50 but has reached the bottom of the multi year Channel Up that started at the bottom of the 2008-2009 crisis. Being neutral on the 1M technical outlook (RSI = 45.714, MACD = -1.180, ADX = 20.525) has historically been one of the best buy opportunities, in fact the stock has grown by at least +53.04% three time during that time span. We shouldn't also ignore the fact that the 1M MA100 is still holding and has been doing so since June 2012. We are aiming long term for at least +53.04% again (TP = 220.00).
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JNJ trade ideas
JOHNSON & JOHNSON More pain along the way. SELL.Johnson & Johnson (JNJ) got rejected on its 1D MA200 (orange trend-line) - 1D MA50 (blue trend-line) Resistance Zone. It has been practically trading sideways since the start of the year and based on the Sine Waves, that priced the new Top (Lower Highs trend-line) of the 2-year Channel Down pattern.
The expected completion of a Bearish Cross this week on the 1W RSI, will confirm the Sell Signal, as all 3 previous Bearish Cross sequences were forme just after a Top. Though their declines ranged from -17.58% to -14.78%, we will use the October 10 2022 Low as an example and target the 0.9 Fibonacci retracement level at 147.00 as since the Bullish Leg was limited, we expect an equally less aggressive Bearish Leg towards the bottom of the Sine Waves.
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JNJ @ $156.55Buying is a very good strategy especially now that we are entering an AI Bubble Market
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So what is a bubble market? you may be thinking
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Well, a bubble market is when the global recession is on while some stocks are hitting new highs for example Nvidia NASDAQ:NVDA , IBM NYSE:IBM And Amazon NASDAQ:AMZN .
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But with this chart, we have a stock you can short.
As you look at this chart notice that the price is below the parabolic SAR?
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This means its a safe bet to short-sell at this position
but remember to exit when the Parabolic Turns
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Also another strategy which i love is called the rocket booster strategy which you can use to combine with the strategy above.
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Check out the resources below to learn more about the rocket booster strategy.
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Also rocket boost this content to learn more.
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Disclaimer:
These are just ideas please do your own research before you Buy or sell anything. This is not financial advice.Take this as a warning you will lose money trading.
Waiting for a pullback and reaction at the support levelAfter the price bounced off the resistance level, we wait for a return to the support level. We expect a reaction at the support level in the form of a candlestick pattern or a technical analysis formation, such as a wedge or triangle. When an opportunity arises, we take a long position. We set the stop loss below the support, and the take profit at the next resistance
Johnson & Johnson breaking down?Johnson & Johnson broke below a decade-old trendline after recording the highest sell-off volume in its history and remained suppressed below the 50-month Moving Average. Technical resistance will be at play and the probability of breaking higher is pretty low unless some fundamental forces come into play.
The entry price is a bit pessimistic but such a huge sell volume on a three-month price decline can suppress the price. Plus a Bearish stochRSI divergence and an expected decline in earnings. Maybe we will see a gradual decline in the stock price.
Worth monitoring.
JNJ - Macro View 🌐Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 JNJ has exhibited an overall bullish trend, trading within the ascending wedge pattern outlined in blue. It is presently nearing the lower boundary/blue trendline.
At present, JNJ is undergoing a correction phase and is trading within the descending red channel. It is currently approaching the lower limit and a highlighted demand zone in green.
🏹 Thus, the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green demand and lower blue and red trendlines acting as a non-horizontal support.
📚 As per my trading style:
As JNJ approaches the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Johnson and Johnson: Can you catch a falling knife?NYSE:JNJ is not an exception to the falling share prices due to the macro-economic environment. Despite this company’s Q3 results beating the wall street estimates, the stock price keeps falling. We are expecting a rebound soon as confirmed by the Nedium indicator.
This trade is quite aggressive now but the conservative traders can wait for price action to show a low forming because we believe the price can fall lower before the bull run and that's why we have a wide stop loss.
Trade Set up
Entry price: 145.60
Target price: 183.69
Stop loss price: 127.36
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Bearish on JNJ.
I was bullish on JNJ until I saw this today. We have broken through a long time support. With a strong Heikin Ashi candlestick. I am waiting to see if there is substantial volume at the close and then I would enter some maybe week out puts. The green line would be my profit target for JNJ. #jnj #puts
Bullish trend swing trade.
As you can see here on the daily time frame, we have respected this level on the weekly time frame support level. I am watching to buy at the close of a strong green heikin ashi candle stick bounce off of this zone with high volume. Keep your charts simple! As always, thank you for watching and reading my analysis.