Thursday, November 10, 2016

Japfa: Target hit, seeing some profit taking as mentioned, Price 0.99 - Buy signal 2 weeks back has NO EXITS yet fyi, see what I mean

We have seen a high for Japfa at 1.00 today finally…. Target hit indeed…

There were several emails sent over the past 1 week when we first saw some actions below 0.900….

Yesterday we had pretty bullish candle with a sell down then a quick rebound at day end…

May start to see some selling near 1.00 now given the run we have experienced with support at 0.95 – 0.96 now

Any firm price action above 1.00 can see the upside continue…

Anyway, some clients have asked me if my system says if there can be more upside…

I did a quick look and we had a 1ET BULLISH ENTRY SIGNAL ON 28 OCT 2016, ENTRY PRICE 0.85, about 2 weeks back…

There was complete calm before that signal and after the signal given, that’s when it started its RAPID MOVEMENT UPWARDS (see below yourself), till today where the high is 1.00…

The thing is, there is still NO EXIT SIGNAL yet…

So, can the upticks continue?

Yes, very well possible…. system aside, if we see something specific above 1.00….

Congrats to those who were locked in previously and of course PTI students who scanned, protect profits or good to lock in some near here too… J


Recent Emails:

Sent: Thursday, November 10, 2016 9:34 AM
Subject: ******* Japfa: Target almost hit, may see some profit taking here, Price 0.995

Sent: Wednesday, November 09, 2016 9:15 AM
Subject: ****** Japfa: A further up move, may head towards 1.00 next, price 0.96

Sent: Friday, November 04, 2016 9:43 AM
Subject: ****** Japfa: A firm move above 0.900 indeed, target on tracked, price 0.93

Sent: Thursday, November 03, 2016 9:30 AM
Subject: ******* Japfa: May attempt a move above key resistance again, price 0.905

Sent: Tuesday, November 01, 2016 9:19 AM
Subject: ******* Japfa: Atemtping a move above key resistance, price 0.895

Sent: Monday, October 31, 2016 2:08 PM
Subject: ********* Japfa: A potential move above 0.900 can see the uptrend continue, price 0.885

For illustration purpose only

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