James Hardie Industries plc (JHX.ASX)

9 November 2018

Technical Summary: Holders of JHX might be seeing red recently after the stock firstly gapped and then kept on selling to be down 15% after a company update. The intensity of the selling might suggest there is more to come in the comin sessions. When looking back on the 5 year chart of the stock it seems that this sort of price action is reasonably common. The general uptrend in the stock has been interrupted from time to time by big short term corrections. Based on this activity the question is whether this recently volatility will provide a buying opportunity for investors or if this will be a breakdown in the wider trend. Either way, the best course might be patience, at least until the dust settles.

More volatility for JHX amidst a general uptrend

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