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JNJ Sideways and decline
Johnson & Johnson
Short
JNJ Sideways and decline
By Synaptic724
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Updated
Aug 4, 2019
2
Jul 23, 2019
JNJ debit spread 130/120 Put spread 2.53 debit Max profit is 7.47 exp September 20th.
I have a pretty long debit spread on JNJ its a high reward low risk trade.
I think it may continue lower slightly and hit my target which in this case will be $5 on the spread.
If I lose and it rises and stays above 135 etc. I will close the trade on August 30th for a loss and salvage anything that I can.
This is a journal entry and not trading advice.
Double bottom breakdown and sideways movement is my prediction since we're in a bull market it may move higher.
Aug 4, 2019
Order cancelled
$18 dollar loss
Chart Patterns
debitspread
Technical Indicators
JNJ
short
Synaptic724
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