YZJ SHIPBLDGS SGD Stock Code BS6.SGX
Price reached a high of $1.54 on 31 May 2021 forming a potential Double Top and has been declining since that day. Price reached a low of $1.36 and has rallied higher, hinting of a potential reversal in trend. The price correction also managed to inside the cloud, keeping the uptrend intact. Lagging Span is below price of 26 days ago but is above the cloud. MACD dropped below the zero line but we are likely to see a bullish crossover soon which is hinting of a price rally ahead. If price can stay above cloud, we are expecting price to test it previous high at $1.54 again in the next 2-3 weeks ahead.
$1.54 Price Target
$1.34 Risk Management Stop
2 weeks Trade Duration