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Jardine Matheson ST: as long as 61.2 is support look for 66.5
Trading Central | 2018-06-25 01:49:00

Our preference: as long as 61.2 is support look for 66.5.

Our pivot point is at 61.2.

Our preference: as long as 61.2 is support look for 66.5.

Alternative scenario: below 61.2, expect 59.4 and 58.3.

Comment: the RSI is above 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading under its 20 day MA (62.85) but above its 50 day MA (62.15). Jardine Matheson is currently trading near its 52 week low at 59.73 reached on 05/01/18.

Supports and resistances:
68.7 **
67.6 *
66.5 **
65.4
62.75 (USD-last)
61.9
61.2 **
59.4 *
58.3 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 06-25-2018 at 03:49 UTC+1
Price reference: 62.75 last known on 06-25-2018 at 03:49 UTC+1
Investment horizon: ST

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