Tag: Japfa

Japfa Stock Code UD2.SGX

Outlook

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.

Strategy                  

$0.740                Sell

$0.650                Price Target

$0.780                Risk Management Stop

3 weeks              Trade Duration

Japfa Stock Code UD2.SGX

Outlook
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.

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

Strategy                 
$0.975                Buy
$1.10               Price Target
$0.910                Risk Management Stop
2 weeks              Trade Duration

Japfa Stock Code UD2.SGX

Outlook
Price broke above the cloud on the 14 October 2020 and has stayed above the cloud since that breakout. After reaching a high of $0.835, price has been declining but had stayed above the cloud, keeping the uptrend intact. The pullback should find good support at the Base line which lies at $0.730. There is also a support zone form $0.72 to $0.745, which should be able to halt the price decline. 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. If price can stay above $0.720, we are expecting price to test $0.835 again.

Strategy
$0.745                Buy
$0.830                Price Target
$0.715                Risk Management Stop
3 weeks Trade Duration

Japfa Stock Code UD2.SGX

Outlook
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.

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