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Health technology/ services sector. High market cap for stability. Technical tools using for the performance analysis are average true range, momentum, MACD (moving average convergence divergence), RSI (relative strength index), support and resistance. Good price action. Leader in the sector.
Building our initial portfolio that follows the Dow Jones Industrial Average -index, according to our investment strategy. We buy all the 30 stocks in the index. The number of shares is equal for all stocks because Dow Jones is a price weighted index, meaning that the weight of each stock is decided by the share price. We buy 325 shares of each stock, because this is the maximum amount we can spend without exceeding our target leverage level of 1,8.
Long position using 1/20 of buying power. Johnson and Johnson is in the top 50 s&p 500 list which justifies the purchase. We expect Johnson & Johnson to have growth in the coming months since we expect medical facilities to start treating covid-unrelated cases at a heightened level compared to the last nearly 2 years.