In my blog post of 14 Jun 2017, I shared with readers that I like the technical setup of Japfa stock. You can read the post here .Yesterday, Japfa rallied by an impressive 7.7% to close the trading session at $0.63. Japfa’s stock price broke past the 50DMA. If the rally is sustained, I think Japfa will need to break past the current 100DMA at $0.75 before finding support at the current resistance level set at $0.80. RSI is above 70% which is overbought for Japfa, so I believe there might be some profits-taking.

However, as I have shared with readers before, I am more interested in the overall trend rather than the daily ups and downs of stock price and hence looking at the trend, Japfa seems strong. I am not always the type of blogger who will give stocks recommendation and hence when I …