JNJ is very strong company but recently experiencing negative rollover with very sharp negative money-flow divergence. There are also insider selling as well.
We like to short it from current level & our first target is 112.73
On the option side we are looking for Jan17- 120 put currently trading at $3.90
"You can check our detailed analysis on JNJ in the trading room/ Executive summery link here-
www.youtube.com/watch?v=80zXB5EE...
Time Span: 6:40"
Trade Status: Pending
We like to short it from current level & our first target is 112.73
On the option side we are looking for Jan17- 120 put currently trading at $3.90
"You can check our detailed analysis on JNJ in the trading room/ Executive summery link here-
www.youtube.com/watch?v=80zXB5EE...
Time Span: 6:40"
Trade Status: Pending
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