JardineC&C showing MACD Bullish Divergence

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JardineC&C with MACD indicator.

MACD showing bullish divergences. 

A bullish divergence forms when a stock shows a lower low and the MACD shows a higher low. The lower low in the stock affirms the current downtrend, but the higher low in the MACD shows less downside momentum. 

Despite less downside momentum, downside momentum is still outpacing upside momentum as long as the MACD remains in negative territory

MACD is currently back at negative territory 

Current price action is trying to test previous highs at 35.55

To each his own.

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