Wednesday, March 15, 2017

Japfa: Breached of support at 0.80 not a good thing. Price 0.78, system saw it coming?

From previous call last week, we have indeed seen more selling in Japfa with it breaching the 0.80 psychological support even.

Has tried to maintain above over the past few days but sellers todays were out to take it lower. 

We may see more selling as long as 0.800 is the resistance now. Indicators are still looking weak on this move.

From the system as mentioned in previous email, have a look at the 1ET BEARISH ENTRY SIGNAL about 3 weeks ago, 22 Feb 2017. Entry price at 0.955.

That was even before it started it quick decent. Anyway, no exits yet....

Hope no one is holding though. 

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For illustration purpose only


Recent Email:

Sent: Thursday, March 09, 2017 9:47 AM
Subject: ******* Japfa: Sell down can continue further before some short covering, price 0.825

For illustration purpose only

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