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Desperately want to short JNJ


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Desperately want to short JNJ

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  #1 (permalink)
Central, Illinois
 
Experience: Beginner
Platform: NinjaTrader
 
Posts: 24 since Apr 2010
Thanks: 2 given, 21 received

I have a personal dislike for the company (long story), but don't want to lose money over it--not even "play money" which is all I'm risking now. Really just starting out with charting, especially drawing support/resistance lines. Attached is today's chart--it's a mess, I know. Price is approaching what I consider strong support.

I'd really appreciate everyone's comments and analysis of what the chart is saying, as well as commenting on my attempt to explain what may happen next with the price (I think it's going to break resistance and the H&S neckline at the same time).


Thanks

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  #3 (permalink)
the coin hunter
virginia
 
Experience: Intermediate
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trading based on your emotion is a guarantee for a failure, stay away never look at it as long as you live. having said that if it break 61.11 it will go for 59.

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Last Updated on December 12, 2010


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