STOCK IN AVOiD LISTJOHNSON AND JOHNSON IN AVOID LIST....Stock already in daily time frame which already extended and may be entering in weekly timeframe Correction....SO may be Stock Expected to Trade in Range for next one year
JNJ trade ideas
Head and Shoulders Pattern on JNJ In the 4 hour chart, we can see head and shoulders pattern which is now going to the last shoulder. Price has good support @162. Traced a Fibonacci to set my TP. Not financial advice!
JNJ expecting lowerI got this in meditation and Idk if it's a problem with their "vaccine" or what, but the sense is it'll be trending down. I also looked at the chart and it reminds me of a head and shoulders.
This is just posted as a journal.
JNJ LONG CALL clear parameters in place main trend still bullish lower timeframes have clear support double bottom entry is breakout of minor resistance
JNJ: buy opportunity here?hello everyone. there is a long scenario for JNJ here. i will open long position after break out.
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JNJ Daily TimeframeSNIPER STRATEGY
This magical strategy works like a clock on almost any charts
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JNJ on Day time frameJohnson & Johnson TF Day
1. The price is running in the parallel channel of uptrend.
2. You can open BUY ORDER when the price reach the lower channel.
JNJ: BUY THE DIPJNJ: an amazing long opportunity
~Every time JNJ has gone overbought on the RSI like it is right now, it has gone up very strongly
~JNJ is trading in a parallel uptrend for the most part since October 2020 (white area) with a few minor outlying price action movements.
^^ Price is touching the long term support line. Confirming the RSI foreshadowing.
~I expect resistance at 171, 174-176, 180.
^^Breaking 180 will let it soar to 185-187 (the top of the parallel uptrend)
Correction for JNJ... Rising wedge patternI expect a dead cat bounce to follow the Dow then a sell off.
TP 153-155
JNJ Bull9/17 $180 CALLS currently going for $0.26.
All vaccines are looking like they want to run (PFE, NVAX, MRNA) etc
One more jump before downtrend?JNJ has been coming off a slow moving uptrend and it seems to be slowing down
- JNJ looks to test the previous high
+ Fibonacci extension has reversal at $168.5
+ Bottom of the channel has reversal at $169.87 - $169
- RSI is heading close to oversold
- Price broke through pitchfork so it looks to hit reversal in the next day or so
- If the price high tomorrow is under $171.12 that is a good indicator of jump
- Price target: $173.22
168 bounce coming?I like JNJ, but would like it to travel down to 168 before breaking through my purple fib trigger line.
$JNJ - Double bottom & breakout in hourly, watch for contiuation$JNJ - Double bottom & breakout in hourly, watch for contiuation
JNJ Ready to Continue Rising HigherThe share price of Johnson and Johnson looks ready to rebound from the major resistance-turned-support area, underpinned by the 23.6 per cent Fibonacci retracement level at 175.61, and resume climbing.
The underlying uptrend appears to be taking the form of a 1-5 impulse wave pattern, as postulated by the Elliott Wave Theory. Thus, the recent correction can be perceived as the second retracement leg (3-4). If the price action strengthens above the 23.6 per cent Fibonacci, this would allow for the subsequent emergence of the final impulse leg (4-5).
If, however, the correction breaks down below the lower limit of the support, underpinned by the 100-day MA (in blue), this would likely mean that it could then be extended lower towards the 38.2 per cent Fibonacci.
$JNJ - Double top with RSI bearish divergence, puts below 177$JNJ - Double top with RSI bearish divergence, puts below 177
UPDATE Johnson and Johnson! Buy Scenario !Hello everyone!
As I said on my last analysis, we have 2 scenario because of the patterns on the graph (Triangle and Falling Wedge) :
Looks like triangle is more to happen, We have breakout of the support line and neckline of pattern.
We have risky buy from this position with a low SL and high TP, or the safety Buy.
Enjoy it!
JNJ One Last Effort for 180-185?JNJ is currently at the top of the Bollinger bands and as you can see, every time it goes to the top of the band on the daily chart, it usually drifts back down to the 20 SMA. May see a push for 180 as the price action seemed somewhat strong in the morning of 8/20/21, but died off late into the day.
Long overall, bearish in the short term if it doesn't go up on Monday, will probably drift down to 20SMA before resuming. In the case that it does get momentum to pop on Monday, will probably stall in the 180s as it waits for the moving averages to catch up.
My take is that if it trends down, I would enter at 175+
If it trends up, I would do a short term 180 call with targets 181
JNJ reached a very high peakRegarding the stock of Johnson and Johnson, it reached a very high peak, now it is time to go down, and this is based on the relative strength index, as it gives us clear selling signals, which are as follows:
Negative difference
Retest a broken trend
Probability of a harmonic pattern
It is better to wait to reach the level of 61.8 on the rsi and enter into a short position.
