Johnson& Johnson broke out of the strong 108.70 resistance level, and, having retraced to this level, started to rise resolutely. The gauge is likely to top the bound of a potential diamond pattern that has been shaping up since mid-2014. There is a possibility to buy with the 109.35 target, the top of the diamond. This target may be reached almost immediately....
Despite the strong uptrend on the daily and weekly charts, shareholders of Johnson & Johnson will feel very uncomfortable in the near future. Broadening formation took root on the chart. This pattern promises increased volatility. I’d like to recommend to shareholders of Johnson & Johnson to stop trading these securities until new strong signal, or scrutinize very...
fundamentals:
from the start of 2013 to the present...
price: +49.96%
revenues: +7.42%
on the other hand, free cash flow is down from 10.105B in Q3, 2010 to 7.974B for Q2, 2014
technicals:
the monthly Williams %R hasn't been below -80 since mid-late 2010.
this is indicative of positive pressure.
I'm waiting:
1. price at a major level
2. big down rally on the market (S&P 500 near 1550-1600)
3. divergence pattern between S&P 500 and JNJ (looking for accumulation pattern)
When all these setups are complete, I'm making dicision to include this stock to my long-term portfolio (3-5 years).
-After breaking below 90.00 support area and heading sharply lower, shares managed to rebound strongly back above that broken level
-The price has recently retested that level, before bouncing confirming the level as a new support.
-Rising volume on the rebound
-price is trading within a sideways range since august
I am looking for a move towards 94.40 and 96.00...
