YZJ Shipbldg SGD Stock Code BS6.SGX
Price reached a high of $1.03 on 8 June and during 5 week of correction; price was able to stay above the cloud, keeping the uptrend intact. Price range is starting to expand in the past few days, hinting that the correction could be coming to an end. Lagging Span is below price of 26 days ago and is above the cloud. MACD is bearish below the zero line but there could be a bullish crossover soon, hinting at a bullish price trend. We think price is likely to move higher to the next price resistance at $1.01 in the next 2-3 weeks.
$1.01 Price Target
$0.855 Risk Management Stop
3 weeks Trade Duration