Our 5 Bullish Picks for 2018 ( a volatile year so far) (1/5 Picks)
Last Saturday, we conducted our first inaugural free seminar for Satki Traders and shared on tips on how to follow smart money.
During the seminar we gave our picks for 2018 (a volatile year so far).
Out of the 5 listed above we were most bullish on CSE global and Japfa,which we have already mentioned earlier when it was at 0.415 and 0.515 respectively.
Today we are going to be analysing one of our picks.
Our analysis for Japfa:
Our initial call at 0.515 was followed by positive earnings and a power gap above the downtrend line. As you can see from the chart, there was a bullish breakout of a long term descending wedge.
I am going to show another chart for you to see a clearer picture:
The chart above is the chart for STI and the one below is for Japfa. Notice the divergence between STI and Japfa. When STI was heading lower Japfa when on a bull run (Vice versa). Hence if STI were to move lower in the near future, Japfa is definitely a counter you want to be on for longs.
Interested in joining our community and receive live Satki calls, please refer to this
Disclaimer:The contents of this website are provided to you for information only and should not be used as a basis for making any specific investment, business or commercial decision. These pages should not be construed as an offer or solicitation for the subscription, purchase or sale of the securities, and specifically funds or any investment products, mentioned herein, or, in any jurisdiction to any person to whom it is unlawful to make such an invitation or solicitation in such jurisdiction
