CFD Trading – Sell Japfa (UD2.SGX) @ $0.740. Stop @ $0.780 and Target @ $0.650

Japfa Stock Code UD2.SGX


Price broke below the cloud on 16 June 2021 and reached a low of $0.665. A rally brought price to $0.740 which is near to the lower edge of the cloud. Conversion and Base lines had a bullish crossover, hinting of the bullish trend. Lagging Span is below price of 26 days ago as well as below the cloud, confirming the bearish trend. MACD remains bullish and could be about to have a bearish crossover. We think the corrective rally has ended and price is about to test the support of $0.650 again in the next 1-2 weeks ahead.


$0.740                Sell

$0.650                Price Target

$0.780                Risk Management Stop

3 weeks              Trade Duration

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.