Reckitt Benckiser Group Plc


RB is down close to its multi-year rising trendline. Trends be trending so unless it breaks below support, the bull is still intact with target of recent highs at about GBX7,700.00.




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.


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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:


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The last time I talked about $USDSGD, it was at 1.28 & I shared its bull trend idea of hitting 1.35.

It has gone way past that & consolidating back at 1.35 now, so looking at the multi year trend, it is likely to continue its uptrend which begin in 2014. Short term target is 1.38,  then 1.42. I have my own economic view of why this will happen but this blog isn’t about economics, its about trading so I leave that rant for some place else.