Following up from previous blog post in Japfa >> http://singaporetradinginsights.blogspot.com/2018/07/japfa-heading-towards-next-target-one.html
We have seen some consolidation from 0.62 to 0.66 and finally the bullish actions continued again 3 weeks back…
Hence, some upside target were reiterated to 0.72 and even higher…
See what I mean…
Over the past 2 weeks, we have indeed seen more strength and Japfa has not only hit our first target but also traded to a high of 0.76 today…
And looks set to head towards our 2nd target as drawn previously..
Targets were reiterated again last week when we saw buyers coming back strongly…
Would want to protect profits at this juncture too….
More importantly, we actually had a few Bullish entry and exit signals for Japfa…
The recent bullish signal on 9 July 2018 still having no exits… (See below)
So can there be more upside towards our target as drawn?
Yes probably, some support seen at 0.70 – 0.72 for now…
Uptrend still looks pretty intact above this level for now….
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