JNJ reached a very high peak

٢٠ أغسطس ٢٠٢١

Regarding the stock of Johnson and Johnson, it reached a very high peak, now it is time to go down, and this is based on the relative strength index, as it gives us clear selling signals, which are as follows:
Negative difference
Retest a broken trend
Probability of a harmonic pattern
It is better to wait to reach the level of 61.8 on the rsi and enter into a short position.