CFD Trading – Sell YZJ Shipbldg SGD (BS6.SGX) @ $1.23. Stop @ $1.31 and Target @ $1.11.

YZJ Shipbldg SGD Stock Code BS6.SGX


Price closed below the cloud in the past three previous trading sessions, changing the chart outlook to bearish.  Conversion and base lines had a bearish crossover, hinting at a bearish price trend. Lagging Span is below price of 26 days ago and below the cloud, confirming the bearish price trend. MACD is turning down below the zero line and is hinting at a bearish price trend. We think price is likely to move lower to the previous price support at $1.11 in the next 2-3 weeks.


$1.23                 Sell

$1.11                 Price Target

$1.31                 Risk Management Stop

3 weeks            Trade Duration

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