$JNJ - BUY ZONE ADDED -
Added 2023-03-03 10:04:08 +0000 UTCMorning all, $JNJ has been following our ABC corrective wave nicely, having gone through its fundamentals aswell, I believe a buy zone should be added and a very good addition for a long term hold. I have added in the long term chart too.
The buy zone is between the 0.5 fib and 0.65 Fib, so far the EW count has behaved very well so as long as this continues, I expect the 0.65 Fib to hold, FWD PE of 13 means that it is not overvalued going forward and I am really impressed with their margins.
Dividend payment of 2.96% too.
Comments
Thanks Captain
Andrew Block
2023-03-03 12:39:55 +0000 UTC
