vested
Jardine Matheson ST: as long as 49.9 is resistance look for 41.4 <JARD.SI>
Click here to see our chart:
https://private.tradingcentral.com/char ... 001705.gifOur pivot point is at 49.9.
Our preference: as long as
49.9 is resistance look for 41.4.
Alternative scenario: the upside breakout of 49.9 would call for 52.5 and 54.1.
Comment: the RSI is above 50. The MACD is below its signal line and negative.
The penetration of 50 on the RSI should trigger further losses.
Moreover, the stock is trading under both its 20 and 50 day MA (respectively at 49.02 and 52.19).
Jardine Matheson is currently trading near its 52 week low at 45.02 reached on 15/09/15.
Supports and resistances: 54.1 **52.5 * 49.9 **48.8 47.12 last 43 41.4 **39.9 *38.4 **
Source: TRADING CENTRAL
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