JNJ trade ideas
JNJ Approaching Support, Potential Bounce! JNJ is approaching our first support at 117.78 (horizontal overlap support, 100% fibonacci extension, 50%, 23.6% fibonacci retracement) where a strong bounce could occur above this level pushing price up to our major resistance at 136.78 (horizontal pullback resistance, 61.8% fibonacci retracement, 61.8% fibonacci extension).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
Dow Stocks Johnson & Johnson (JNJ)A look at JNJ, A lot more weekly and monthly points where I see some resistance happening
JNJ Approaching Resistance, Potential Drop! JNJ is approaching our first resistance at 132.37 (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 119.46 (horizontal swing low support, 100% Fibonacci extension).
RSI (89) is also seeing a bearish exit and we might see a corresponding drop in price.
JNJ Long Term Short & Weekly Double TopDamaged sentiment. Damaged general market conditions. Very nice chart setup. Early entry short at 121, confirmation entry upon break & close below 120.
Will be picking up some long term ATM Naked LEAPS upon safe breaking of 120.
The yellow areas are vulnerable places where price may visit, "vulnerable" meaning that price never went back creating an unfilled gap..
Smaller area is actually a strong support zone, and may be a shorter-term profit area.
Johnson & Johnson analysisBiggest scandal for the company in decades about asbestos in baby powder still weighing heavily, pre-market showing already another lower open on Monday. Still waiting for the 120 level and 200SMA to be tested to look for a long position as the scandal eventually blows over and investors go long on this stock again.
JNJ - Trade setupHere's another one with plenty to eat. If this beaks this low the it goes to the 200MA on the weekly chart. Set the alert and let it play out.
Johnson & Johnson Announces $5 Billion Share Repurchase ProgramJNJ: Johnson & Johnson
2018-12-17 16:22:00
Johnson & Johnson Announces $5 Billion Share Repurchase Program
JOHNSON & JOHNSON - SHORT Hello Guys,
A Double top and a long black candle associated with huge weekly volumes crossing below the lower Bollinger Band give us a clear indication about next upcoming movement.
Short - 1st target 125 Usd
Short - 2nd target: 110 Usd.
Thank you guys,
Simone Siesto
JNJ - JOHNSON AND JOHNSON GOING FOR ONE MORE WAVE DOWN?JNJ has broken the main uptrend with a strong impulse. If it bounces to the level posted on chart i'm expecting one more wave down.
LONG JNJJNJ hitting a strong daily level took a small long position here target is recent 15m downtrends
Dead You Know What Bounce!Bad news invest in something better for the planet like Tesla or Microsoft.
JNJ JNJ appear finished 5 waves then started correction wave abc
the arrow will raise almost to 146 then will be drop down to 135
JNJ 60 Min - Bullish Cypher Pattern - Long SetupJNJ 60 Min Bullish Cypher Pattern - Long Setup
Bullish Cypher has been detected on JNJ 60 Min.
Price bounced several times about 141.95
Enter LONG JNJ at @ 142.7 with a stop loss going at @ 141.0. The first target is at @ 144.5 and the second target is at @ 146.20.
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JNJ Double top short in placePossible double top
Bear cycle sinweave
Rsi divergence
Invalidation higher than 2nd top
JNJ: All roads lead to 147It is crystal clear from this chart and various types of analysis that JNJ is in a zone that will probably lead to at least the 147 range. We can see a shaded channel that the stock has been ascending in for several months. We can also see that volume has been steadily increasing at a sustainable pace. From the wave count (please study Elliot Wave theory if you don't understand this) it is clear that there is a 70% chance JNJ will top out between 148.28 and 156.58 using Fibonacci levels derived from wave 3- trough to peak, and wave 4- peak to trough. Based on the standard assumption that the fifth wave will be more or less equal to the first in magnitude this would project a conservative target of at least 147 coinciding with the channel. Lastly please note that stocks and markets in general respect support and resistance levels- not specific time frames with the point being that I don't know when this price will likely be reached, just that its probably coming. Needless to day nothing is ever certain in trading so always manage risk and deal in probabilities, good luck.
Please feel free to leave feedback, questions and criticisms welcome.
