YZJ SHIPBLDG SGD Stock Code BS6.SGX
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.
$1.26 Price Target
$0.93 Risk Management Stop
3 weeks Trade Duration