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.
All 3 Jardine group of companies are trading within big triangles. The way to trade these are to wait for any of them to breakout of those triangles. Until then, they will likely keep consolidating within, making for fruitless choppy trades. Looks like Jardine Matheson or Strategic will reach resolution soon.
Jardine Cycle & Carriage