Johnson Matthey
A range trading opportunity for you?
Will Johnson Matthey break lower, or will it rise back again to 3242p?
- The Johnson Matthey trading range has developed since early-Sept.
- Shares bounced off support zone 3 times.
- Now trading 3027p (at time of writing).
- Will the pattern repeat itself, testing previous highs?
- Shares -12.9% from 2019 highs; +13.3% from 2019 lows; -15.9% year-to-date
- Source: Bloomberg, FT, Reuters, DJ Newswires