JNJ Trade on Oct 9, 2019 14:51 from Cklamb: Tradervue User Stock Trades.

JNJ
Intraday Fundamentals
• Jury Says J&J Must Pay $8B In Case Over Male Breast Growth Linked To Risperdal
Technicals
ADV 7.97 M RVOL 1.05 ATR 2.04 Short 2.7% Inst Own .68
Daily

Hourly

Intraday

Trading Strategy
• watch how this trades, Bias is long on a bounce, there are many other lawsuits pending and the one about Talc powder
• 128.65 was ext. hours low, 129 is a support area on the hourly
• Short if those levels look like the will fail
Reading the Tape
All day got momentum on my side on most entries. I missed something overhead on the midday long.
I did watch .76 hold for a couple of minutes before taking the last long of the day. I needed to leave the stop just below this.
Trade Management

Trade Review
• My bias kept me on the wrong side of this in the open. I should have been following the momentum until 192.
• There are many good attempts to get long into VWAP off 192 or coming off the LoD
• I general I would say that I only had one winner here and the rest were a series of risk free set ups
• Couple these set ups executed like I practice them would have netted a little more on the green side