Technical Pulse – Jardine Matheson Holdings Ltd November 14, 2019 168

JMH (SGX:J36)  is resuming its bearish sentiment technicals below:  


  1. Double top formation below 61.8% of the Fibonacci level of the range between 02-65.06.
  2. Bearish engulfing below 61.8% Fibonacci retracement and the rejection of the upper Bollinger band suggest a continuation of downside pressure.
  3. Upper Bollinger band shows signs of curving downwards, which signify a strong bearish pressure ahead.


Bollinger Band

Red dotted line = Upper Band

Blue dotted line = Middle band

Green dotted line = Lower Band

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