One more jump before downtrend?

JNJ has been coming off a slow moving uptrend and it seems to be slowing down

- JNJ looks to test the previous high
+ Fibonacci extension has reversal at $168.5
+ Bottom of the channel has reversal at $169.87 - $169

- RSI is heading close to oversold

- Price broke through pitchfork so it looks to hit reversal in the next day or so

- If the price high tomorrow is under $171.12 that is a good indicator of jump

- Price target: $173.22
Chart PatternsTechnical IndicatorsTrend Analysis

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