Dec. 25 at 1:19 PM
Actionable Trade Alert for
$JNJ:
Market Context:
$JNJ is currently trading at
$207.78, showing strength with an RSI of 58.53, indicating bullish momentum but not overbought. The price is above both the 30-day MA (204.71) and the 50-day MA (198.72), suggesting a positive trend.
Directional Bias: The recent price action is near the 60-day high of
$215.19, indicating potential for further upside. The RSI supports this bullish outlook, while the proximity to the 60-day low of
$182.94 provides a solid risk-reward setup.
Trade Plan:
- Suggested Entry:
$208.00
- Stop Loss:
$202.00 (risking
$6.00)
- Take Profit Targets:
1.
$212.00 (2% gain)
2.
$220.00 (5.5% gain)
3.
$243.00 (17% gain)
With a stop loss at
$202.00, achieving the third target at
$243.00 yields a 17% ROI. Monitor closely for market conditions.
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