YZJ Shipbldg SGD Stock Code BS6.SGX
Price broke below the cloud two days ago ending the bullish trend that has been in place since 5 August 2021. Conversion and Base lines had a bearish crossover, confirming the bearish trend. Lagging Span is below price of 26 days ago and is below the cloud, confirming the bearish trend. MACD is about to turn bearish with both its lines close to the zero line. We are expecting price to decline to the next support level at $1.28 in the next 2-3 weeks.
$1.28 Price Target
$1.48 Risk Management Stop
3 weeks Trade Duration