Wednesday, January 6, 2016

Japfa

Japfa - 6th January 2016

Japfa seem to be gaining strength to move out of the consolidation pattern as reflected on the chart.
Current price of 49.5 cents is hovering above both 14SMA & 25SMA lines which is generally quite positive.


Also both MACD & RSI are showing sign of a positive divergence that may provide further indication for the share price to head higher.

Breaking out of 51 cents with great volume that may propel to drive the share price higher towards 55 cents then 60 cents and above.

Entry price - 51 cents.
Stop Loss - 46 cents
Target price - 55 to 60 cents

(trade/invest base on your own decision)


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