Japfa was highlighted to the graduates group by one of our coaches who is a full-time trader.

It’s quite an early signal with great potential, fresh out of the oven!

But first let’s take a look at the broad market.

STI

Gapped up above 3050 today, so we should take some profits on long positions if you haven’t already.

Continue to observe if it can hold this area and go higher.

No point entering shorts at this point although there are a few interesting candidates.

As I post this, DJIA crosses 20,000 so we can probably see more upside in our market as well.

STI gaps above 3050!

GLP

GLP is still holding this area, take some profits if you haven’t already done so.

Take some profits to fund your Ang Pows this weekend!

Sembcorp Ind

Cleared a resistance 3.28 take some profit if you haven’t already.

Sembcorp Ind crosses a previous swing high, take some profits!

OCBC

Still holding just under resistance, not as strong as other banks.

But still bullish, follow system.

OCBC not as strong as other banks, but it’s holding this area., break higher still possible.

China Aviation

No new signal yet, it’s pulling back a little already, continue monitoring.

China Aviation hasn’t triggered new signal yet, monitor.

YZJ

As in previous post, observe if 3050 rejects price or not.

If it does, then maybe we will get a good signal on this.

YZJ just monitor in case STI turns bearish.

MM2

Not triggered yet, keep monitoring.

Take note that there are currently no CFD limits available to buy this counter.

You will need to buy it with the cash account.

MM2 no trigger to enter yet.

Japfa

This is a setup which was shared by one of our coaches, in the graduates group over the past couple of days.

It triggered today and looks good for another leg up.

Japfa is an industrial agri-food company, you can find out more about them here.

Factors For:

Uptrend is clear.

Just coming out of a consolidation and clearing previous highs.

Factors Against:

The trigger price is right at the high.

Conclusion: Unlikely the highs would hold, so it’s a good signal. Especially with STI clearing 3050.

Sit tight for the ride.

Japfa triggered! Get ready for the next leg up

Lunar New Year this weekend folks, don’t take on new positions on friday, spend more time with family!

Happy Lunar New Year Folks!

The post Japfa fresh out of the oven! appeared first on The Systematic Trader | Trading Courses | Collin Seow.