Stock with Momentum: Jardine Matheson Holdings

May 6, 2024

In today’s fast-paced stock market, understanding the subtle cues of technical analysis is key to smart investing.

In this article, we’re highlighting Jardine Matheson Holdings Ltd (SGX: J36) due to its price action suggesting an initial indication of a bullish reversal.

Below are key highlights from the technical report:

Jardine Matheson Holdings Ltd

  • Market Position: Jardine Matheson is designated as a ‘Technical Buy’ as its price action signals bullish rebound.
  • Entry Prices and Support Levels: Recommended entry points are at US$39.29, US$36.78, and US$35.50, with support levels established at US$38.68 and US$34.98.
  • Stop Loss and Resistance Levels: To safeguard investments, a stop loss has been advised at US$34.32. The resistance levels identified at US$41.80 and US$44.77.
  • Target Prices: Target prices are set at US$41.80, US$44.80, US$47.00, and US$50.00.
  • Company Overview: Jardine Matheson focuses on motor vehicles, property investment and development, food retailing, health and beauty, home furnishings, engineering and construction, transport services, restaurants, luxury hotels, financial services, heavy equipment, mining, energy, and agribusiness.

For a more detailed analysis, click on the link to access the report.

Take advantage of the stock momentum

Our goal is straightforward: to provide you with clear, actionable insights from the complex world of stock charts and trends. Whether you’re an experienced investor or new to the market, our analysis is tailored to help you navigate the market with confidence.

Please refer to the attached report for the disclaimer.