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[SG Stock] Momentum: Jardine Matheson Holdings

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

In this article, we will focus on Jardine Matheson Holdings Ltd (SGX: J36), whose stock price trends indicate initial signs of a bullish reversal. Here are some key highlights from the technical report:

Jardine Matheson Holdings Ltd is primarily involved in sectors such as automotive, real estate investment and development, food retail, health and beauty, household products, engineering and construction, transportation services, restaurants, luxury hotels, financial services, heavy equipment, mining, energy, and agriculture.

  • Market positioning: "Technical buy".
  • Entry prices and support levels: $39.29, $36.78, and $35.50, with support levels at $38.68 and $34.98.
  • Stop-loss price: $34.32, with resistance levels at $41.80 and $44.77.
  • Target prices: $41.80, $44.80, $47.00, $50.00.

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