Jardine Group makes a splash

MANDARIN ORIENTAL (US$1.96) – Upside target to be met
- Earlier break above US$1.75 indicated a target of US$2.15
- Indicators are suggesting further upmove
- Prices may be a able to re-test high of US$2.81 by the time the uptrend has run its course

DIARY FARM (US$8.02) – Poised for breakout
- Prices appear poised for a break above US$8.10
- Successful break indicates target of US$9

HONGKONG LAND (US$7.19) – Upside target set
- Prices broke out into a new all-time high last week
- There is a target of US$8 following an earlier break above US$5.40

JARDINE CYCYLE & CARRIAGE ($39.10) – Attempting breakout
- It is testing the year’s high and all-time high at current levels
- Breakout indicates target of $44
- Support is at $38.76

JARDINE MATHESON HOLDINGS (US$47.52) – Attempting breakout
- Resistance is at US$47.70
- Break above this level indicates a target of US$56.70
- Risk reward ratios look increasingly unfavourable

JARDINE STRATEGIC HOLDINGS (US$27.26) – Regains 50 day moving average
- Prices managed to regain its 50 day moving last week
- Resistance is at US$27.70
- Break would catapult prices to new high of US$30

(Source: TheEdgeSingapore November 8 2010)