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Jardine Matheson ST: the upside prevails as long as 61.7 is support
Trading Central | 2018-07-03 23:32:00

Our preference: the upside prevails as long as 61.7 is support.

Our pivot point is at 61.7.

Our preference: the upside prevails as long as 61.7 is support.

Alternative scenario: the downside breakout of 61.7 would call for 59.9 and 58.9.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day MA (respectively at 62.72 and 62.36). Jardine Matheson is currently trading near its 52 week low at 59.73 reached on 05/01/18.

Supports and resistances:
69.1 **
68 *
66.9 **
65.9
63.2 (USD-last)
62.4
61.7 **
59.9 *
58.9 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 07-04-2018 at 01:32 UTC+1
Price reference: 63.20 last known on 07-04-2018 at 01:32 UTC+1
Investment horizon: ST

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