Everything in this chart screams buy buy buy, heres why.
We will be analyzing this chart from top to bottom.
Divergence+: A very accurate ( so accurate the script cost $$$ ) indicator that shows buying/selling strength and even buy and sell signals. There is not a buy signal on the 1 hour chart, however if you look at the most recent candles you can see the large green shadow underneath showing that bull power is getting stronger.
MACD: Shows that bear strength is weakening, giving the bulls an opportunity to take over and greatly influence price.
RSI: Is very low for JNJ as it normally runs at a 65, with JNJ being underbought we can expect investors to start buying.
Finally the Bollinger bands: They have finally crossed at their low with the green bar as a buy signal.
These are all reasons why JNJ is a strong buy and I see a strong upswing coming in the neat future.
We will be analyzing this chart from top to bottom.
Divergence+: A very accurate ( so accurate the script cost $$$ ) indicator that shows buying/selling strength and even buy and sell signals. There is not a buy signal on the 1 hour chart, however if you look at the most recent candles you can see the large green shadow underneath showing that bull power is getting stronger.
MACD: Shows that bear strength is weakening, giving the bulls an opportunity to take over and greatly influence price.
RSI: Is very low for JNJ as it normally runs at a 65, with JNJ being underbought we can expect investors to start buying.
Finally the Bollinger bands: They have finally crossed at their low with the green bar as a buy signal.
These are all reasons why JNJ is a strong buy and I see a strong upswing coming in the neat future.
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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.
Penerbitan berkaitan
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.