Jardine Matheson Holdings Limited ($SGX:J36) has gained > 200% since its 2009, compared to the S&P500 which gained >300% over the same period. So, is it time for $SGX:J36 to catch up? The Singapore Straits Times Index (STI) itself has underperformed the S&P500 since 2009, so the outperformance of $SGX:J36 soon is key to the STI catching up to S&P500.
$SGX:J36 has been in a trading range of $48.70 to $69.50, its 161.8% to 261.8% fib extension. If it clears $69.50 with strength, its next upside target is $86, followed by $100.