Dec. 17 at 2:00 AM
Actionable Trade Alert for
$JNJ:
Market Context:
$JNJ is currently showing a stable trend with a last close of
$209.32. The RSI of 54.78 indicates a neutral momentum, suggesting potential for upward movement. The stock is above the 30-day moving average (MA30) of 200.81 and well above the 50-day moving average (MA50) of 196.64, indicating bullish sentiment.
Directional Bias: The stock is positioned between its 60-day high of 215.19 and low of 174.83, with room to move upward. The current price is closer to the high, providing a favorable risk-reward scenario.
Trade Plan:
- Suggested Entry:
$209.32
- Stop Loss:
$205.55 (approximately 1.3% below entry)
- Take Profit Targets:
1.
$213.32 (2% ROI)
2.
$218.32 (4.3% ROI)
3.
$245.32 (17.2% ROI)
This plan allows for a strategic entry with a solid risk management approach. Monitor the trade closely to adjust as necessary.
For more insights, visit https://privateprofiteers.com.
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