YZJ SHIPBLDG SGD Stock Code BS6.SGX
Outlook
The chart outlook remains strong and bullish as price is trading far above the cloud. Conversion and base lines are rising, hinting at more upside ahead. Price broke and closed above the consolidation zone, suggesting the increased upward momentum. These could increase chances of the stock price continuing to move higher.
Strategy
$1.75 Buy
$1.88 Price Target
$1.67 Risk Management Stop
3 weeks Trade Duration
YZJ SHIPBLDG SGD Stock Code BS6.SGX
Outlook
The chart outlook remains bullish as price is trading above the cloud. Price broke and closed above the rising channel yesterday after rebounding from its resistance-turned-support zone. MACD is strong and bullish and it is rising. We are likely to see price continuing to move higher as long as it stay above the base line support.
Strategy
$1.34 Buy
$1.50 Price Target
$1.26 Risk Management Stop
3 weeks Trade Duration
YZJ Shipbldg SGD Stock Code BS6.SGX
Outlook
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.
Strategy
$1.23 Sell
$1.11 Price Target
$1.31 Risk Management Stop
3 weeks Trade Duration
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
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
