QuantinvestGER

JnJ continues upward trend

Long
NYSE:JNJ   Johnson & Johnson
Hey everyone,

I think JnJ will turn back upwards near the arrows, which means right away or at the 50/61 Retracement, but please wait for confirmation signals.
Chickou Span crosses the stock, which is negative, Tenkan-Sen is above Kijun-Sen, which is good and the cloud is rising, which is good too.

As i said, you should wait for a reversal confirmation, than my regular goal would be 162 USD.

Much fun with that trade!
Leave a follow :)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.