CFD Trading – Buy YZJ Shipbldg SGD (BS6.SGX) @ $1.41. Stop @ $1.36 and Target @ $1.53.

YZJ Shipbldg SGD Stock Code BS6.SGX

Outlook

After reaching a high of $1.53 on 3 March 2022, the price correction was halted by the support provided by the Base line. Conversion and Base lines remain in a bullish crossover, hinting at a bullish price trend. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish price trend. MACD remains above the zero line and is hinting at a bullish price trend. As long as price stays above the Base line, price is likely to test the previous high of $1.53 in the next 2-3 weeks.

Strategy                  

$1.41                 Buy

$1.53                 Price Target

$1.36                 Risk Management Stop

3 weeks            Trade Duration

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.