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Wednesday, 25 June 2014

Jardine Cycle and Carriage: 25 June 2014, Wednesday, 6.15pm Singapore Time

Jardine Cycle and Carriage: 25 June 2014, Wednesday, 6.15pm Singapore Time
Chart courtesy of Chartnexus.com

Technical Analysis of Jardine Cycle and Carriage is as per illustrated in Daily Chart above.

Notice how Jardine Cycle and Carriage Price Satisfaction Zone PSZ of $48 area forms a resistance in tune with a layer of resistance denoted by the blue band.

As per previously mentioned using many months worth of daily Funds Flow Analysis (FFA), stocks worldwide have been doing escape wave rebounds to just merely confirm a TRANSITION TO BEAR MARKET; Jardine Cycle and Carriage is just one example that is consistent with the majority of the markets.

In conclusion, when even the 5-star general is retreating and going south, the soldiers will follow.
Note Jardine is no longer used as the important stock to support STI. 
It has now switched role on the complete opposite side, ie to help resist the STI or make major resistance confirmations.

Donovan Norfolk Ang Technical Rating:
Bearish
Short/Sell off

All past Jardine analysis:
http://donovan-ang.blogspot.sg/search/label/Jardine%20C%26C



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