JNJ : Booking profit and expecting a sell-off
Price is at the top of the internal structure. There is a high probability for a short term reversal move to the low of the HTF structure.
Since the overall market is primed for a crash and Pharma is a sector which is not within my circle of competence, I think it is better to book profits and wait for a crash, if any.
Will consider a re-entry if market comes down to better entry levels.
Booked around 11.26% of capital involved in this trade.
Since the overall market is primed for a crash and Pharma is a sector which is not within my circle of competence, I think it is better to book profits and wait for a crash, if any.
Will consider a re-entry if market comes down to better entry levels.
Booked around 11.26% of capital involved in this trade.
Trade closed manually:
Closed position at 173.01 USD.
Booked a profit of 11.26% of capital involved.
Booked a profit of 11.26% of capital involved.