Thursday, December 8, 2016

Japfa: Can it cross the 1.00 key level? Upside can still be possible... price 0.95

Over the past 2 weeks, we have seen pretty good support from the 0.88 - 0.885 level and i did send out a note where one can consider accumulating near this area for a potential rebound.....

Yesterday, it happened... a firm buy up seen all the way to a high at 0.94...

We have seen the sellers at 0.95 clear out today briefly as well but more confirmation required.

Currently pulling away from the 0.900 new support which is a good sign.

Let’s see if it can test the 1.00 resistance and maybe a further breakout. Definitely still in my watchlist...

Profit taking expected again near there.

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Recent Emails:

Sent: Wednesday, December 07, 2016 3:03 PM
Subject: ******* Japfa: A firm rebound from the 0.88 level indeed, can be heading back to 1.00... price 0.93

Sent: Wednesday, November 30, 2016 11:42 AM
Subject: ******** Japfa: Back to resistance turned support, price 0.91, a rebound or break down? An Bullish EXIT seen previously

Sent: Thursday, November 10, 2016 10:25 AM
Subject: ******* Japfa: Target hit, seeing some profit taking as mentioned, Price 0.985 - Buy signal 2 weeks back has NO EXITS yet fyi, see what I mean

For illustration purpose only

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