Japfa Stock Code UD2.SGX
Outlook
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.
Strategy
$0.660 Buy
$0.725 Price Target
$0.625 Risk Management Stop
3 weeks Trade Duration
