Trading Christmas Rally Safe with Johnson & Johnson
Chances for a Christmas rally this December are high. Anyway, I want to trade it safe with Johnson & Johnson (JNJ) stocks that are going up traditionally with the rally. I like that JNJ prices are at the lows of the ascending channel, so I have a more chances for a rebound. I will open long trade at $152 with a maximum target at $170-175 per share, which is also the resistance of this channel. The stop-loss would be placed at $140.
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