Johnson & Johnson weekly uptrend opportunity based On 1.00 Lot Calculation:
- Johnson & Johnson received 1.27 billion doses of pre orders during the race for its (hopefully successful) vaccine;
- The company is developing a traditional (AstraZeneca type of) covid-19 vaccine with a single-shot dose and its results may be in the spotlight by the end of January. If successful, the company is planning on submitting the emergency use the authorization to the FDA in February, and will do other countries in parallel;
- Any positive news on the vaccine front, and/or the continuation of the overall market uptrend, may continue to provide support to stock price;
- Technically, the stock price is in the strong uptrend with no major reversals as of the end of November, and the stock price broke the all-time high resistance last week.
Johnson& Johnson, January 4, 2021
Current Price: 157
|
Johnson&Johnson |
Weekly |
|
Trend Direction |
|
|
168 |
|
|
166 |
|
|
164 |
|
|
150 |
|
|
148 |
|
|
146 |
Example of calculation based on weekly trend direction for 1.00 Lot*
|
Profit or loss Short in $ |
11,000 |
9,000 |
7,000 |
-7,000 |
-9,000 |
-11,000 |
|
Profit or loss Short in €** |
8,948 |
7,321 |
5,694 |
-5,694 |
-7,321 |
-8,948 |
|
Profit or loss Short in £** |
8,047 |
6,584 |
5,121 |
-5,121 |
-6,584 |
-8,047 |
|
Profit or loss Short in C$** |
13,941 |
11,407 |
8,872 |
-8,872 |
-11,407 |
-13,941 |
* 1.00 lot is equivalent of 1000 units
** Calculations for exchange rate used as of 09:20 am (GMT) 4/1/2021
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
*** You may wish to consider closing your position in profit, even if it is lower than suggested one
**** Trailing stop technique can protect the profit – Ask your Client Manager for more details