CFD Trading – Buy Japfa (UD2.SGX) @ $0.660. Stop at $0.625 and Target at $0.725

Japfa Stock Code UD2.SGX

Price broke above the cloud on the 13 October 2020 and closed above the cloud as well, which could be the start of a new bullish trend. Conversion line and Base had a bullish crossover earlier, hinting of the bullish trend. Lagging Span is above price of 26 days ago and above the cloud as well, confirming the bullish trend. MACD is bullish and rising. Both of MACD lines are above the zero line, hinting of a bullish trend. We are expecting price to push higher to the previous high of $0.725.

$0.660                Buy
$0.725                Price Target
$0.625                Risk Management Stop
3 weeks              Trade Duration

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