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It's one these 2 bar reversals on unconvincing volume for the upside. Fools rush in..with vol there should be no Fomo. It's a good time to set up a portfolio for the next 3 years in mind not just hopes on covid vaccines etc!
This morning I am putting on positions in NYSE:PG and NYSE:JNJ as long term holds. They both fulfil my thesis that if Sector Rotation theory holds the next sectors to outperform should be Consumer Staples and Healthcare. Both companies represent these two sectors in ways. I like their chart patterns as they are right now within pullbacks. These are also...
Two bar reversal set-up..weak volume however. Validate support for a long trade. - beta play SP50 - covid vacine - growth (fiscal support)
Today we will share our view and trade idea on JNJ. First, let's start with the Weekly chart, so we can make an idea of the big picture: Here, we can see the price inside a huge ascending channel. The price reached the upper trendline, and we saw a clear rejection there. Now the main conclusion of this is: -If the price...
Looking for a move up soon. Have to watch carefully. Detail on 5 Min chart was more accurate, but TV doesn't allow publishing on that timeline. *NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
Candle has slowed down from bearish movement, it may break up to finish the bull flag. Make sure to use SL & TP, i never hold trade. Drop me a message for SL & TP, it is free. Suggested entry 160.18 *** Faster update and info --> T3l_gr_m (Underground Analyst)
Watching 2021 National Governors Association Winter meeting today host by NY Governor, US president has expected to roll out JNJ vaccine once FDA approve. Signal pre spiking 1. Volume is above average trade volume 2. Price consolidating with forming triangle 3. Price is below MA 150 & 200 might be undervalue My concern 1. No news regarding pre order for...
JNJ was made beautiful double bottoms where later than is made breakthrough resistance line and now he's back to testing. Setups what needs to be looking for is if the price bounce and go up, or if some correction will happen to us, ABCD pattern looking pretty interesting... If JNJ will rebound from support line, price target what we are will looking for is...
Perfect bounce on the 100 ma line and 3x top high, we now made it support and it can go back to the top.
Going long on JNJ - Bounce on EMA 100 - Hidden Divergence (Continuation of Uptrend) - Bounce on the trendline - TP Fib 1.272 or 1.00
Johnson & Johnson have a median target of 185.00, with a high estimate of 201.00 and a low estimate of 153.00. The median estimate represents a +13.80% increase from the last price of 162.57
jnj 170 target, vaccine one dose approval imminent . money flow increasing
Opened a position cause of hidden div expect the price to 1.27 fib
$jnj catalyst, the approval of their vaccine, w the need for vaccines this can be lucrative for retail traders. $JNJ is currently forming a double bottom on the daily time frame, right around that 159.80 with the price being bought up roughly around that 50 ema. Price took off earlier today but got over extended, right now we are pulling back right around that...
Just beware, zone sometimes get blown through due to market talk. Make sure you have a stop loss set in place before you get into trade.