Japfa Ltd (SGX: UD2) sell call on 13th November 2020 has achieved its first target at $0.750 which subsequently rebounded with a strong rally and in the process confirming the impulse move. Further technical suggest that the stock will continue its bullish rally:
*Timeline of the trade is 4 weeks from the date issued.
Ichimoku Kinko Hyo
Red dotted line = 9 Periods Tenkan-Sen
Blue dotted line = 26 periods Kijun-Sen
Green Line B= 52 periods Senkou Span B
Pink Line A = 26 periods Senkou Span A
Black line = 26 periods Chikou Span. Lagging line