Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Technical Analysis
Elliott Wave Analysis by EWF
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="Elliottwave-Forecast, post: 194270, member: 40858"] Since the crash of March 2020, all stocks have tried to recover what they lost and JNJ was no exception. Johnson & Johnson did not only recover the lost, but It also reached historic highs. Now, we are going to try to build a wedge from the March 2020 lows with a target above $176. [HEADING=2][B]JNJ Last Daily Chart [/B][/HEADING] [URL='https://elliottwave-forecast.com/wp-content/uploads/2021/04/JNJD20210320175149.png'][IMG alt="JNJ Last Daily Chart"]https://elliottwave-forecast.com/wp-content/uploads/2021/04/JNJD20210320175149.png[/IMG][/URL]In the last chart we can clearly see that after the fall of March 2020, JNJ had a strong and rapid recovery. This wave ((3)) had its highest point at 173.69 where JNJ was rejected by the market. This rejection did another double correction structure and overlaps the wave ((1)) zone to end the wave ((4)). (If you want to learn more about Elliott Wave Theory, please follow this link: Elliott Wave Theory). [HEADING=2][B]JNJ Daily Chart [/B][/HEADING] [URL='https://elliottwave-forecast.com/wp-content/uploads/2021/04/JNJD20210418161204.png'][IMG alt="JNJ Daily Chart"]https://elliottwave-forecast.com/wp-content/uploads/2021/04/JNJD20210418161204.png[/IMG][/URL]As days passed, the share price continued to rise until reaching 167.12, which we call wave (i). From there, we have a clear correction in a zig zag structure as wave (2) that bounced from a possible trendline. If this trendline is good, then JNJ should continue to rise with an impulse structure that exceeds at least the value of $ 173.69 in the following days. Source: [URL]https://elliottwave-forecast.com/stock-market/jnj-continue-rally-week/[/URL] [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…