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Johnson & Johnson

Market Opportunities - 12/10/2021

12 October, 2021

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible opportunity for profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

Johnson & Johnson weekly uptrend opportunity based On 1.00 Lot Calculation:

  • Johnson & Johnson is an established company that produces healthcare and pharmaceutical products, as well as medical devices. It has also developed a well known vaccination for Covid-19 that only requires one dose. Its products are sold globally through retailers, wholesalers, and directly to consumers.
  • NEWS: Johnson & Johnson’s 3rd Quarter earnings will be released on Tuesday, October 19th, before the American market opens. The company has beat its earnings forecasts 8 of the last 8 quarters and bettered the revenue forecasts 7 of the last 8 quarters. It is expected to earn $2.37 per share and see total quarterly revenue of $23 758 billion.
  • Analysis: Johnson & Johnson’s stock has risen on average 1.72% in one day alone after earnings are announced. The stock is attractive from a fundamental view due to its current low valuation compared to the general market.
  • Macro-analysis: In the current market environment, Johnson & Johnson is well positioned. It offers both prescription pharmaceuticals as well as over the counter consumer health and cleansing merchandise. Both of these sectors should do well even if the economy falters.
  • Technical Analysis: Johnson & Johnson’s stock has 12.45% to rise to reach its high of $179.92 reached last August.

(#JNJ), October 12, 2021
Current Price: 160.00

Johnson & Johnson

Weekly

Trend direction

UP

Resistance 3

190.00

Resistance 2

180.00

Resistance 1

170.00

Support 1

152.00

Support 2

144.00

Support 3

136.00

Example of calculation base on weekly trend direction for 1.00 Lot*

Johnson & Johnson

Pivot Points

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

Profit or loss in $

30,000.00

20,000.00

10,000.00

-8,000.00

-16,000.00

-24,000.00

Profit or loss in €*

25,951.11

17,300.74

8,650.37

-6,920.30

-13,840.59

-20,760.89

Profit or loss in £**

22,047.15

14,698.10

7,349.05

-5,879.24

-11,758.48

-17,637.72

Profit or loss in C$**

37,385.40

24,923.60

12,461.80

-9,969.44

-19,938.88

-29,908.32

* 1.00 lot is equivalent of 1000 units
** Calculations for exchange rate used as of 11:08 (GMT+1) 12/10/2021
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

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  • Monday, 11 October 2021 for the Thanksgiving Holiday in Canada.
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  • CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  • CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.