Jardine C&C (technical)

Jardine C&C: UOBK has a Technical SELL with +16.4% potential return Resistance: $44.00 Support: $35.50 UOBK tips SELL with TP $35.50 with tight stops placed above $44.00. A break below $40.00 is likely to see more selling pressure as prices appear to trade below its mid Bollinger band, suggesting its prior rebound is relatively weak. RSI indicator has turned down below a reading of 40. Its positive directional index (DI) has turned down after failing to cross above its negative DI. Watch to see whether its MACD indicator could hook down instead.