It's time! This idea is being spiced up now!As a reminder: Based on 17 analysts offering 12 month price targets for JNJ in the last 3 months:
The average price target is $ 147
The maximum price target is $ 165
The lowest price target is $ 110
The entry into this idea is currently at $ 144.33.
What say the technical analysis methods I use?
The risk management tool used here is the own-developed “Traffic Signals System” (TSS) and it will be implemented in my future analyses.
The yellow circle on the 11th of October in the chart indicates a possible break-away GAP for me.
The 2nd yellow circle on October 30 in the chart could be closed in a counter-movement and serve as a catalyst in the short term.
The yellow line in the chart could be a short-term support.
The black line in the chart: The starting price of the idea is $140.33.
The red line in the chart: The stop-loss is $134 (GAP of October 11, 2017).
The green line in the chart: This is in my opinion a possible first turning point in the idea = first target at about 145 US-Dollar (high October 23).
The chart-based indicators such as RSI and MACD do not show a very positive picture, but a turnaround could be ushered in.
Conclusion:
Johnson & Johnson promises pure excitement! An entry into an idea is currently made and based on the fundamental data and the news! Stay on the pulse of this idea at nextmarkets.com.
Parameters of the idea - Start Course Idea: $140.33
Recent price: $140.33 (+ 0.00% of starting price)
Stop loss currently: $134 (-4.51% of starting price)
Take Profit: $ 165 (highest short)
This idea runs since today.
Disclosure:
“Both Wikifolio's, UMBRELLA (www.wikifolio.com) and FuTureUS (www.wikifolio.com ) can be invested in Panasonic Corporation.
The trading ideas published here are neither to be understood as a recommendation nor as an offer or an invitation to buy or sell financial instruments and should not be understood as such.
You must also assume that the author holds the recommended position in his portfolio and benefits from the implementation of his trading ideas.”