Day trading strategies on the company's shares Johnson & Johnson  10-19-2016 by AzaForex forex broker, tips on becoming a victorious trader with foreign exchange

Advice on becoming a successful stock market trader.
It seems that the company Johnson & Johnson really has big problems, once their stock price has fallen so much. Previously, we placed a trading recommendation for trading stocks of this company, and now the price has reached the target. We open short positions with the aim of 115.10. Price just reached our goal, and we recorded a profit of more than 200 points. Taking into account the dynamics of price changes, it is possible to try again to enter a short position with a view to at around 100 points. Once investors and traders in recent days did not show itself in the purchase of these shares, it is quite possible that there are big players playing on the slide. We will not go against the trend and join the strongest. Once the level 115.00 support level is overcome, we will enter into the stock market by selling shares of the company.

The price is below a simple moving average 200 MA and 20 MA indicating bearish trend.
The MACD trend indicator is below zero level now, indicating bearish movement.

If the support level is broken you can use the following recommendation:
•    Chart timeframe: H4
•    The trade recommendation: Sell
•    The level of entry into short position: 115.00
•    The level of profit and close the position: 114.00 (100 pips)


Forex currency pair GBPUSD
Possible bullish movement in the breakout of the resistance level 1.2350

Forex currency pair USDJPY
Possible bearish movement in the breakdown of the support level 103.15

GOLD
Possible bullish movement in the breakout of the resistance level 1272
 
Forex currency pair USDCHF    
Possible bullish movement in the breakout of the resistance level 0.9915