CFD Trading – Sell JARDINE C&C (C07.SGX) @ $34.20. Stop @ $35.00 and Target @ $30.70.

JARDINE C&C   Stock Code C07.SGX

Outlook

Price could be forming a potential rising wedge reversal chart pattern. It could not penetrate its recent price high, showing the losing upward strength. There is potential divergence warning given from the RSI that hints at possible price top. These could increase chances of the stock price breaking down the rising wedge to move lower.

Strategy

$34.20            Sell

$30.70            Price Target

$35.00            Risk Management Stop

3 weeks          Trade Duration

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