Johnson & Johnson (NYSE)
#JNJ
The trend is upward.
The stock is trading between the 365 and 135 EMAs.
A downward truncated wave structure has completed with a breakout of the descending channel.
Both the Awesome Oscillator and Stochastic Oscillator show bullish divergence, and the Stochastic lines have exited the …
SP 500 Index
#SP500
The downward wave structures are truncated.
The internal truncated wave structure has completed with a breakout of the descending channel.
The Awesome Oscillator shows a bullish divergence, while the Stochastic Oscillator indicates oversold conditions.
Trading idea:
Buy upon the formation of an upward wave structure.
Stop …
Costco Wholesale Corp. (NASDAQ)
#COST
The trend is downward. The stock is trading within the range of the 365 and 135 EMAs. The ascending wave structure is truncated. The Awesome Oscillator shows a bearish divergence, while the Stochastic Oscillator indicates overbought conditions.
Trading Idea:
Sell upon the formation of a …
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