CFD Trading – Buy YZJ SHIPBLDG SGD (BS6.SGX) @ $1.00. Stop @ $0.93 and Target @ $1.26

YZJ SHIPBLDG SGD Stock Code BS6.SGX

Outlook

Price reached a high at $1.27 on 23 September and for the past 3 days, price has been moving downward. We think that the correction is likely to find support at a previous high turned support line at 0.985. Conversion line and Base line remained in a bullish crossover and is hinting at a bullish price trend. Lagging Span is above price of 26 days ago above the cloud, confirming the bullish price trend. MACD is bullish with both its lines high above the zero line. If price can stay above the support line and the cloud, it could be heading higher to the previous high at $1.27.

Strategy                  

$1.00                 Buy

$1.26                 Price Target

$0.93                 Risk Management Stop

3 weeks              Trade Duration

CFD Trading – Buy YZJ Shipbldg SGD (BS6.SGX) @ $0.905. Stop @ $0.855 and Target @ $1.01.

YZJ Shipbldg SGD Stock Code BS6.SGX

Outlook

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.

Strategy                  

$0.905               Buy

$1.01                 Price Target

$0.855               Risk Management Stop

3 weeks              Trade Duration

CFD Trading – Buy YZJ Shipbuilding SGD (BS6.SGX) @ $0.935. Stop @ $0.890 and Target @ $1.05.

YZJ Shipbuilding SGD Stock Code BS6.SGX

Outlook

Price broke above a V-shaped Ichimoku structure, hinting at a price rally to the Ichimoku price projection target at $1.05. Conversion line and Base line 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 is hinting at a bullish price trend but a divergence could be developing. If price stays above breakout point, it could be heading towards $1.05 in the next 2-3 weeks.

Strategy

$0.935                Buy

$1.050                Price Target

$0.890                Risk Management Stop

3 weeks Trade Duration

CFD Trading – Buy YZJ Shipbuilding SGD (BS6.SGX) @ $0.840. Stop @ $0.770 and Target @ $0.970.

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

CFD Trading – Buy YZJ Shipbldg SGD(BS6.SGX) @ $1.41. Stop @ $1.35 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 supported by the cloud, keeping the uptrend intact. In the previous trading session, price broke above a small V-shaped Ichimoku structure, hinting at a bullish price trend. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish trend. MACD is bullish and is hinting at a bullish price trend. We are likely to see a price rally to the previous high at $1.53 in the next 1-2 weeks.

Strategy

$1.41                 Buy

$1.53                 Price Target

$1.35                 Risk Management Stop

2 weeks Trade Duration