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Japfa (SGX listed) 8 April 2021

Updated: Aug 1


CIMB recently issued a report recommending 'Add' to Japfa.


On its daily chart, we are seeing its Bollinger Bands squeezing up, which usually signifies a breakout in price action may be coming up.


Volume analysis seem to suggest accumulation of prices since its sideway consolidation from January to now.


MACD crossover upward indicating possible upward momentum as well. Near-term support at $0.83 and resistance at $0.98.


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