Chart Watch: Japfa


Japfa (UD2)




  • After breaking out from a sound base in March at $0.53, stock has formed a higher low around the $0.57 range


  • 200MA has turned up with the both the 20MA and 50MA at a steady uptrend


  • Recent breakout above $0.64 with strong volume indicates more upside


  • Watch for another higher low to form when or if the stock retraces back down, which could provide a new low risk entry point