Shares & Derivatives
IS THIS STOCK POISED FOR A SUPER RALLY NEXT?
By Singapore Stocks Investing (SSI)  •  June 14, 2017
Ever since breaking its support of $0.80, JAPFA stock has since reached a 52-weeks low of $0.525. Therafter, Japfa stock since to form a base of $0.54 and on 9 Jun 2017 and 12 Jun 2017, Japfa stock price has headed north successively, accompanied by large volume. Looking at the technical charts, I like how the moving-averages (5DMA,10DMA and 20DMA) have converged on the upside and seem ready to test the 50DMA. Japfa stock closed at $0.59 on 13 Jun 2017. In a DBS report of 28 Apr 2017, DBS maintained a “Buy” for Japfa with a target price of $0.84, which represented more than 40% from the current stock price. In a more recent analyst report by CIMB dated 2 May 2017, CIMB maintained its Reduce call on Japfa with a target price of $0.58. Whatever the case, there is no denying that ......
Read the full article
By Singapore Stocks Investing (SSI)
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance