Reckitt Benckiser Group Plc

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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.

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$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

USDSGD

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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. https://tradeware.wordpress.com/2014/01/30/usdsgd/

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.