YZJ Shipbldg SGD Stock Code BS6.SGX
Price broke above the cloud in the previous trading session, changing the 3-month bearish trend into a bullish trend. Price also managed to stay above an uptrend line during the price correction, increasing the chances of a bullish price trend. Conversion and Base lines had a bullish crossover, hinting at a bullish price trend. Lagging Span is above price of 26 days ago but is below the cloud at the moment. Both of MACD’s lines are above the zero line and moving higher, which is a hint of a bullish price trend ahead. If price can stay above the cloud we are looking at a rally to follow to the next resistance level at $1.54 in the next 2-3 weeks.
$1.54 Price Target
$1.28 Risk Management Stop
3 weeks Trade Duration