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Jardine Matheson ST: the upside prevails as long as 62.7 is support
Trading Central | 2018-07-11 01:27:00

Alternative scenario: the downside breakout of 62.7 would call for 61.3 and 60.4.

Our pivot point stands at 62.7.

Our preference: the upside prevails as long as 62.7 is support.

Alternative scenario: the downside breakout of 62.7 would call for 61.3 and 60.4.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day MA (respectively at 63.08 and 62.64). Jardine Matheson is currently trading near its 52 week high reached at 68.11 on 09/11/17.

Supports and resistances:
68.7 **
67.8 *
66.9 **
66
64.17 (USD-last)
63.3
62.7 **
61.3 *
60.4 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 07-11-2018 at 03:27 UTC+1
Price reference: 64.17 last known on 07-11-2018 at 03:27 UTC+1
Investment horizon: ST

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