Johnson and Johnson

[dmedin]

Big drop today:

[dmedin]

J&J is approaching the crucial multi-year up-trendline and I'm considering closing my position if a bullish candlestick appears today.

[Caseynotes]

You've had a good run down with this one and it's at an interesting junction, on the H4 price has broken below the May low and looks to be testing the underside as possible resistance so may go lower but also may be about to retrace back up, worth watching closely.

[dmedin]

J&J did indeed bounce near the multi-year up trend - will see how much energy there is in the bounce this time.  It might be that we get another shot at going short. 

Edited July 24, 2019 by dmedin

[dmedin]

Still watching J&J for any sign of another potential drop.

 

[dmedin]

Are we heading down again 🤓

[dmedin]

Looks like a much lower high, hoping it is followed by a much lower low 😺

[dmedin]

It's sticking by its long-term uptrend very well.

 

[dmedin]

Tempted to be short.

[dmedin]

Until I look at the hourly chart and see that hideous double-ended green monster.

[dmedin]

It's hovering beneath the long-run uptrend.  Suspect that it is another 'too big to fail' corporation.

[Caseynotes]

34 minutes ago, dmedin said:

It's hovering beneath the long-run uptrend.  Suspect that it is another 'too big to fail' corporation.

Can't seem to shake off the never ending run of bad news.

[dmedin]

More bad news: https://uk.reuters.com/article/uk-usa-health-j-j-expert-exclusive/exclusive-jjs-own-expert-working-for-fda-found-asbestos-in-baby-powder-idUKKBN1X913Z

Very resilient stock though ...

[Mercury]

[dmedin]

Oklahoma judge reduces Johnson & Johnson opioid payout to $465 million

[dmedin]

It's all good

[dmedin]

Let's see if it can break the next downward-sloping trend line ...

[dmedin]

Looks like addicting thousands of people to opiates and poisoning babies doesn't affect the bottom line so much after all!

[dmedin]

Broken the second downward trend line now ...

[CharlotteIG]

Heads up: Johnson &Johnson 4Q Sales $20.75B, Est. $20.87B

[dmedin]

J&J is as safe and sound an investment as ever - buy the dips!