Dec. 19 at 3:13 PM
Actionable Trade Alert for
$JNJ:
Market Context:
$JNJ is currently trading at
$208.31, showing a neutral RSI of 52.38, indicating no overbought or oversold conditions. The stock is above its 30-day moving average (MA30) of 202.33 and significantly above its 50-day moving average (MA50) of 197.45, suggesting a bullish short-term trend.
Directional Bias: The price is closer to the 60D high of 215.19, which indicates potential upward momentum. The ATR of 3.88 suggests moderate volatility, allowing for reasonable price movement.
Trade Plan:
- Suggested Entry:
$208.50
- Stop Loss:
$204.00 (risking
$4.50, or about 2.16%)
- Take Profit Targets:
1.
$213.00 (target 1, approx. 2.5% gain)
2.
$220.00 (target 2, approx. 5.5% gain)
3.
$243.00 (target 3, approx. 16.6% gain)
This plan offers a potential ROI of over 17% on target 3, aligning with the current market dynamics.
For more insights, visit https://privateprofiteers.com.
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