JNJ has recently been through a sharp correction in its price and currently, it is trading at $160.39, so when we check the charts on the weekly timeframe we can see that the price has previously taken support from this exact point and has shot up every time, additionally the price has also tested and bounced back from the 200 EMA on the weekly timeframe and...
Triangle breakout possible in Johnson & Johnson
Breakout above 167 resistance.Target atleast 171.50 and Stop Loss below 167.60.
This is the right entry time for next 15-30 days and gain up to 10%. Don't forget to put your Stop loss.
These targets are for long-term investors only. BUY between 136-140 LEVEL Target 170, 220, 280. 29.09 P/E CMP 161.70.
In process to complete a WXY move. Target is the 100 % extension of W at $183 USD. Very clear structure!
My chart tells that there is a low risk buy opportunity on JNJ. Buy price 143.75 Stop Loss 141.33 ($2.42 only) First target 147.67 Second Target 150-151 Third target 155-157 The first target is very achievable. So with a buy quantity of 300 the risk is only under $750 and the profit on reaching first target is $1200. Idea published for my reference.