The current price of 72.5 cents is trading above it's SMA lines which may provide further indication to rise further!
The retracement from 76 to 72.5 looks like a healthy profit takings/correction.
Short term wise, I think it may likely re-attempt 76 cents again! Breaking out with high volume that may propel to drive the price higher towards 80 cents with extension to 90 and above .
Not a call to buy or sell.
Pls dyodd.
Japfa Ltd., an industrial agri-food company, produces and sells dairy products, protein staples, and packaged food products in Singapore, Indonesia, Vietnam, China, India, Myanmar, and internationally. It operates an integrated network of farming, processing, and distribution facilities. The company provides animal feed; animal proteins for poultry, beef, swine, and aquaculture; raw milk, fresh milk, UHT milk, and cheeses; and processed meats, such as chicken nuggets, meat balls, and shelf-stable sausages under the So Good and So Nice brands, as well as manufactures and markets smallpack UHT liquid milk under the Real Good brand and shelf-stable sausages under the So Yumm brand. Japfa Ltd. was incorporated in 2008 and is headquartered in Singapore. Japfa Ltd. is a subsidiary of Rangi Management Limited.
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