vested
Jardine Matheson ST: our next up target stands at 61.8 <JARD.SI>
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Our pivot point stands at 52.9.
Our preference: our next up target stands at 61.8.
Alternative scenario: the downside breakout of 52.9 would call for 49.6 and 47.6.
Comment: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the stock is trading above both its 20 and 50 day MA (respectively at 54.78 and 54.71).
Supports and resistances: 63.8 *61.8 **59.9 55.68 last 54.1 52.9 ** 49.6 *
Source: TRADING CENTRAL