Jardine Cycle & Carriage is currently forming Wave A of Elliott. Jardine C&C rebound from the 200D MA support and looks like starting a Wave B. If this is true, the next resistance is at about $43 (20D MA) and $45 (50D MA). Looks like upside is limited and the downside risk is very high just imagine how the Wave C looks like.
SembCorp Industries is currently trading in Elliott Wave C. Base on currently chart pattern, SembCorp is likely to head towards $3.545 (50% Gann level) after the 61.8% Fibonacci Support level at about $4.00 (also the psychological level) is broken. This $4.00 is a tough resistance to break at the moment. So, I am expecting more downside to the next support in the coming days or weeks.
CSE Global has failed to break the 20D MA and 61.8% Fibonacci Resistance at about $0.98. This turning down also shows the start of corrective Elliott Wave C. Next immediate support is $0.84 (50% FR) followed by $0.70 (38.2% FR).
