$Jardine

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My previous post talked about Jardine Strategic being on the verge of a breakout, & so it did with quite alot of volatility. It has since jumped back above its 61.8% fibo extension from Jan 2016 lows. As long as it stays above 35.5, its on a bullish path back to its 2013 highs. I am long Jardine Strategic.

Adidas

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Adidas’ parabolic chart looks amazing, so is the end of its rocket trip? If it pulls back strongly with lower highs, it could be a chance for good shorting trades. Take not of the fibo levels as a guide.

It just reported earnings: http://www.bloomberg.com/news/articles/2016-08-04/adidas-falls-on-profitability-forecast-and-nike-s-golf-pullback