I absolutely hate this company.
- Moving averages suggest bullish trend.
- 3rd attempt at major resistance.
- Doji Candle formed = change in trend/momentum.
- "Inside Day" pattern formed = Suggesting a continuation of the current trend. In this situation, it should continue the uptrend for a short period of time until a new pattern/confluence forms.
- However, JNJ can't catch a break regarding its vaccine. Issue after issue...
- Earnings Report - 7/21
This is a patience play. If you like to jump the gun, you could get burned...but with proper risk management, it may be worth the risk.
If you trade options:
Aggressive --> Play the Doji this week. 2 week expiration.
Moderate --> Wait for a few candles to form after today's doji. 1-2 month expiration.
Conservative --> Wait until after earnings. October expiration.
- Moving averages suggest bullish trend.
- 3rd attempt at major resistance.
- Doji Candle formed = change in trend/momentum.
- "Inside Day" pattern formed = Suggesting a continuation of the current trend. In this situation, it should continue the uptrend for a short period of time until a new pattern/confluence forms.
- However, JNJ can't catch a break regarding its vaccine. Issue after issue...
- Earnings Report - 7/21
This is a patience play. If you like to jump the gun, you could get burned...but with proper risk management, it may be worth the risk.
If you trade options:
Aggressive --> Play the Doji this week. 2 week expiration.
Moderate --> Wait for a few candles to form after today's doji. 1-2 month expiration.
Conservative --> Wait until after earnings. October expiration.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.