JARDINE C&C Stock Code C07.SGX
Outlook
The chart outlook remains bullish as price is trading above the cloud. Price rebounded from its resistance-turned-support zone, hinting at more upside ahead. MACD remains bullish. These could increase chances of the stock price rebounding to move higher.
Strategy
S$26.15 Buy
S$28.20 Price Target
S$25.14 Risk Management Stop
3 weeks Trade Duration
JARDINE C&C Stock Code C07.SGX
Outlook
Price was capped by the thick cloud resistance, which is also the previous price high resistance zone. The Lagging Span is above the price of 26-days ago but is still below the cloud. A bearish MACD crossover could be likely in the coming session. These could increase chances of the stock price moving lower.
Strategy
S$26.65 Sell
S$24.85 Price Target
S$27.40 Risk Management Stop
3 weeks Trade Duration
AEM SGD Stock Code AWX.SGX
Outlook
Price was capped by its price resistance zone after forming a possible price top at S$4.02. It broke and closed below the base line support, hinting at more downside ahead. There is a bearish MACD crossover and the MACD is heading lower. We are likely to see price continuing its downward momentum to move lower.
Strategy
$3.78 Sell
$3.53 Price Target
$3.95 Risk Management Stop
3 weeks Trade Duration
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
Jardine C&C Stock Code C07.SGX
Outlook
Price is testing the lower edge of the cloud at the moment. A break below the cloud would call for a decline to the previous low at $27.69. Conversion and Base lines had a bearish crossover earlier, hinting at a bearish price trend. Lagging Span is below price of 26 days ago but is above the cloud. MACD is bearish with both lines below the zero line. We think price is likely to move lower to the previous low at $27.69 in the next 2-3 weeks.
Strategy
$30.85 Sell
$27.70 Price Target
$32.20 Risk Management Stop
3 weeks Trade Duration
