Jardine C & C share price has tumbled for the last two weeks and bottoming opportunites have arisen. The stochastic indicator is going beyond the 20% mark signifiying oversold. $16.18 has also been a strong resistance line since sept 2007.
In my opinion, good buy in price is between $16.2 and $16.4. For those who prefer to see a trend confirmation before entry, $17.38 is the price to look at based on current prices.
No comments:
Post a Comment