4JNJ trade ideas
JNJ Elliot Wave Setup [Daily]JNJ Elliot Wave Setup
Wave 1 : 133.65 - 151.5 (17 days , $17.85)
Wave 2 : 151.5 - 142.5
Base formed in Wave 2 last 4-5 days ,retraced upto 0.5 levels of Wave 1
Keeping 140 as Stoploss ( 0.618 levels) we can enter above 145 for a initial target of $17 ( Wave 1) for a approximate period of 18 days (around December 20th)
Keeping 160 as a trailing stoploss we can initiate a target of 1.62x of Wave 1 amounting to 145 + (17 * 1.62) approx. $170
Reward 170 - 145 = $25
Reward 157 - 145 = $12
Risk 145 - 140 = $5
R:R = 1:5
or
R:R = 1:2
In my view its a good setup , would be happy to hear your insights on this
Johnson & Johnson Buy low , sell high.
Alarme mise sur la zone de support et attente qu'elle soit touché.
Il s'agit de l'endroit où les smart money commence à investir.
It can possibly a tripple bottom patternIt can possibly a tripple bottom pattern
& rise it to 165.58
$JNJ has a bullish set upLooks extremely bullish - definitely watching this stock.
(1) Price above Kumo
(2) Future Kumo bullish
(3) Senkou span A & B with positive slope
(4) Both Tenkan Sen & Kijun Sen have +ve slopes
(5) Chikou Span above the price & free to go up
(6) ADX > 25
JNJ reversal @ $148, buy 20 NOV PUTs $147 @ $1.45-$1.50JNJ broke through 200 SMA. The 13 SMA & 30 SMA are preparing to cross, the MACD pre-confirmation has already occurred, historically indicating reversals for this stock. There is looming vaccine news that can impact performance but if news is mired in political discourse, reversal should hold. Got in at $1.48, looking to sell at $2.95 o/a 18NOV. $0.90 stop loss in place.
JNJ - Elliottwave analysis JNJ - It is in double zigzag WXY, where C of Y wave in progress, wait for 4th wave correction of C as choppy to finish near 139-140.50 zone. Sell it for new low of 5th of C wave of Y down below 134 level.
Give thumbs up if you really like the trade idea.
Johnson and Johnson drops again. NYSE:JNJ I can't look at a whole bunch of pharma stocks and just skip JnJ. For the uninitiated, this is the largest Pharmaceutical company in the world (by far) and a major, major player in the world of medical devices and OTC consumables as well. Anyway, down we go, and, not financial advice.
Limited upside potential for vaccine playsIt seems that much of the upside for the vaccine play has been priced in. Cannot see very much more, other than one getting luckier than the other. It is a horse race right now, they are all neck and neck it seems. Astrazenica, which is not included, may be ahead right now; but not for long it seems.
JNJ - Elliottwave analysis JNJ - It is within 3rd of C wave of Y down within double zigzag. It is good sell set up until price remain below 147.43 as 3rd wave starting point of C wave down and once the price break down below 143.92, it accelerate momentum down.
Give thumbs up if you really like the trade idea.
$JNJ Solid entry point after tonight's debate$JNJ Solid entry point after tonight's debate watching MACD for entry
