Technical Pulse – Jardine Strategic Holdings Ltd November 13, 2019 358

JSH (SGX:J37)  bullish sentiment might be resume based on the technicals below:  

  1. Inverted Head and Shoulder formation signal a possible reversal of the bulls. To add on, both the left and right shoulder respected the lower and middle band of the Bollinger band respectively.
  2. Bullish pennant formation of the 38.2% of the Fibonacci level of 04-32.84.
  3. Strong bullish engulfing touching the 3rd based of the pennant and subsequently breakout of the pennant. Moreover, the engulfing candle tested the 38.2% of the Fibonacci level as well.




Bollinger Band

Red dotted line = Upper Band

Blue dotted line = Middle band

Green dotted line = Lower Band

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