JMAT Setting up to Break Resistance Buy RR: 5:1JMAT is currently in a tight consolidation ranging from 2894 - 2983, I am expecting this to continue for a few days and then for the price to break resistance @2983. My game plan would be the following: Trigger: 2999 TP: 3079 SL: 2983 RR: 5:1Longby DeclanTroyPublished 2
#JMAT technical analysisdecline in mining sector means less demand for johnson matthey services chemicals etc... chart seems overbought----- possibly due to the ftse 100 rising lately (nonsense santa-rally)Shortby RyanTheYoungTraderPublished 3
2017 to be a good year for Johnson Matthey?We are a fan of Johnson Matthey over the long term. The recent correction looks to be a great chance to buy the FTSE100 chemicals company. The shares have formed a channel on the weekly charts and also found support on a relative basis versus the index. There is big resistance at 3575p, which if overcome could open up the upside towards 4000p and beyond. The long term uptrend suggest that new highs will be seen at some stage, a weekly close above 3120p and we will expect to see 3575p before too long.Longby InvestamatePublished 3
New trade signaled - Buy JMAT LNJohnson Mathey has outperformed the benchmark index and chemicals sector over the past 3 months. The shares are in a long term uptrend and have triggered a buy in our model. Buy at the open with a stop at 3414p. Target 3775pLongby InvestamateUpdated 2
Johnson Matthey (JMATL)Interestingly diversified company that could benefit greatly from the weak pound.Longby mgiulianiUpdated 2212