So today I closed my Astra Zenica AZN Long with a nice profit after it hit the upper trend line. I’m not happy with it as I think it’s drawing too much negative attention and I think it’s going to drop back down to the lower trend line.
Instead moved into Johnson and Johnson JNJ with a target of $172.34 based on its distribution of Covid Vaccines and current market position. Bond auctions coming I can see this being a solid day and should move the market nicely. I should think J&J should hit my target in a few weeks depending on the market movement. It’s a nice bullish trend and a break above this price should see it steadily head to my target. I have an alert on the upper trend line so be interesting to watch this trade progress.