Japan Smaller Capitalization Fund: A Nice Low Risk Bull Play
Gary Tanashian submits:
So, under the guise of bullishness, with respect to the risk/reward ratio, we look at a current NFTRH holding, Japan Smaller Capitalization Fund (JOF). After an initial false start on this one, I bought the retest of the weekly breakout as shown on the chart.
If the bullish scenario is to unfold, it might be unrealistic to expect another test of the weekly downtrend line. However, lateral support is shown and if that holds, we lock in a target of 9.5+.
(Click to enlarge)
I learned about JOF from some research I received from my broker, Fidelity. They had a pretty neat segment where several of their fund managers gave their ideas for 2010. I read what a global fund manager had to say about Japanese small caps and decided to stalk JOF technically. It is a nice low risk bull play in a high risk bull world.
Investing, Long Term Investment, stock market | admin March 17, 2010
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