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;
- Johnson & Johnson, which has pledged to release 100 million doses by late June, will seek emergency FDA approval for its COVID-19 vaccine candidate probably later this month;
- Earnings for the Q4 are expected on January, 26 (Pre-market).
Johnson & Johnson, January 21, 2021
Current Price: 162
|
Johnson & Johnson |
Weekly |
|
Trend Direction |
|
|
172 |
|
|
170 |
|
|
168 |
|
|
156 |
|
|
154 |
|
|
152 |
Example of calculation based on weekly trend direction for 1.00 Lot*
|
Profit or loss Short in $ |
10,000 |
8,000 |
6,000 |
-6,000 |
-8,000 |
-10,000 |
|
Profit or loss Short in €** |
8,135 |
6,508 |
4,881 |
-4,881 |
-6,508 |
-8,135 |
|
Profit or loss Short in £** |
7,315 |
5,852 |
4,389 |
-4,389 |
-5,852 |
-7,315 |
|
Profit or loss Short in C$** |
12,674 |
10,139 |
7,604 |
-7,604 |
-10,139 |
-12,674 |
* 1.00 lot is equivalent of 1000 units
** Calculations for exchange rate used as of 08:30 am (GMT) 21/1/2021
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