YZJ Shipbuilding SGD Stock Code BS6.SGX
Outlook
After reaching a high of $0.975 on 22 January, a price correction followed. The price correction is likely to be by the previous resistance turned support line at $0.835. Conversion and Base lines remain in a bullish crossover, hinting at a bullish trend. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish trend. MACD is bullish with both its lines above the zero line. If price stays above the support at $0.835, we are likely to see a rally to the previous high at $0.975 in the next 2-3 weeks.
Strategy
$0.840 Buy
$0.970 Price Target
$0.770 Risk Management Stop
3 weeks Trade Duration
