Saturday, October 29, 2016


Japfa -28th Oct 2016 

Japfa after hitting the high of 89 cents on 7th July 2016 it had since retreated and gone into neutral mode. 
Last Friday it had a sudden Gap Up couple with super high volume and closed well at 83.5 cents.
This is generally rather positive.

Both Macd & Rsi are showing sign of a positive divergence which may likely provide further indication that the share price may continue to head higher.

Short term wise, I think it may move up to test 86 cents. Breaking out of 86 cents may see it prices rises further to 89/90 cents. Breaking out of 90 cents with good volume that may likely propel to drive the share price higher towards $1.00.
(trade base on your own decision)

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