CFD Trading – Buy Japfa (UD2.SGX) @ $0.890. Stop @ $0.830 and Target @ $1.00.

Japfa Stock Code UD2.SGX

After reaching a high of $0.875 on 19 January 2021, price has been on a correction path. Price twice tested the cloud but the cloud was able to halt the price decline on both occasions. After reaching a low at $0.765, price has gone on a rally and yesterday, price broke above the recent high of $0.875. Conversion and Base had a bullish crossover earlier, hinting of the bullish trend. Lagging Span is above price of 26 days ago as well as above the cloud, confirming the bullish trend. MACD remains bullish and is hinting of a price rally ahead. We are expecting price to move to our target of $1.00.

$0.890               Buy
$1.00                 Price Target
$0.830                Risk Management Stop
2 weeks              Trade Duration

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