JNJ-SELL strategy 3-Daily chart Heikin AshiI feel this share is coming under pressure, its overbought and turning negative.
Strategy SELL @ $ 163-165 and take profit near $ 150.00. SL based on personal risk parameters.
About Johnson & Johnson
Johnson & Johnson is a holding company, which engages in the research and development, manufacture and sale of products in the health care field. It operates through the following segments: Consumer Health, Pharmaceutical, and Medical Devices. The Consumer Health segment includes products used in the baby care, oral care, beauty, over-the-counter pharmaceutical, women's health, and wound care markets. The Pharmaceutical segment focuses on therapeutic areas, such as immunology, infectious diseases, neuroscience, oncology, pulmonary hypertension, and cardiovascular & metabolic diseases. The Medical Devices segment offers products used in the orthopedic, surgery, cardiovascular & neurovascular, and eye health fields. The company was founded by Robert Wood Johnson I, James Wood Johnson and Edward Mead Johnson Sr. in 1886 and is headquartered in New Brunswick, NJ.
JNJ LongDemand Zone
Long 152.40
Stop 145
Target 162, 173
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
JNJ Short Swing OpportunityHere's my thoughts on a JNJ short opportunity that set up this week based on the following:
1) Parallel Channel Failed Breakout
2) Weekly Shooting Star Candlestick
3) Daily Evening Star Candlestick Pattern
4) Daily RSI Divergence
5) Completion of Wave 5 Elliott Pattern
Weekly Chart
On the weekl
JNJ completing correction wave C
NYSE:JNJ
JNJ is in multi decade uptrend peaked at 187 – presumably end of major wave 5 and turned into Elliott ABC correction, where major wave (A) length is about 37. Per fibo relation major wave (C) should most probably end at 139.5, while intermediate wave ‘c’ – a unit of the major wave (C)
Price on long time supportPrice reached 145$ an touched the long time support trend line
It can be a good entry point to get a new wave up
JNJ Swing Long Conservative Trend Trade 14Conservative Trend Trade 14
+ long impulse
+ support level
+ 1/2 correction
+ T2 level
+ biggest volume 2Sp
+ test
Calculated affordable stop loss
1 to 2 R/R take profit
Daily chart context
+ long impulse
+ 1/2 correction
Monthly chart context
- short impulse
+ biggest volume Sp
+ test
+ 1/2 corr
JNJ Short IdeaThe Dow looks pretty weak right now to me and as we've seen the mag 7 rally relentlessly. I've been avoiding shorts on tech and semis because they are driving the majority of this rally and shorts have not worked. The Dow has been fairly strong, it is near ATH with everything else.
However, there h
Johnson & Johnson (JNJ) - Approaching the Reversal ZoneIn April, we anticipated a pullback for JNJ, and since then, the stock has dropped approximately 7%, aligning with our expectations. The current trend suggests further downward movement, reinforcing our previous analysis.
We are focusing on the support zone ranging from $134 to $116, with a potenti
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