Chart Watch: Japfa

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Japfa (UD2)

 

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  • 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