CFD Trading – Buy Japfa (UD2.SGX) at $0.735. Stop at $0.695 and Target at $0.835.

Japfa Stock Code UD2.SGX

Price reached a high of $0.835 on 11 November and has been declining. We think the decline could be near to an end as price is approaching a strong support zone. Base line is providing support at $0.730. The previous resistance turned support at $0.725 is another support point. The Fibonacci 50% support lies at $0.730. Conversion and Base lines had a bullish crossover earlier. Lagging Span is above price of 26 days ago and above the cloud. MACD is still bullish. We think price is likely to be supported around $0.730 and is likely to resume its uptrend again for $0.835.

$0.735                Buy
$0.835                Price Target
$0.695                Risk Management Stop
3 weeks Trade Duration

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