ENTRY: 1.27
SL: 1.16
TP: 1.35
- ADX>25
- Daily RS +ve
- Daily FFI +ve
- Weekly RS +ve
- Weekly FFI +ve
- Moving averages are aligned.
- First breakout from range on 22 Sep 2022 with volume before retracement to resistance-turn-support area (1.03) and rebounded with volume on 6 Oct 2022.
- Breakout today from ascending triangle pattern.
- Entry today based on...
Sign of Strength in the chart:
1. Bullish signal with volume
2. NS signal with Pullback
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
TICKER CODE: B56
Company Name: YANGZIJIANG SHIPBLDG HLDGS LTD
Industry: Industrials / Capital Goods / Machinery
Position Proposed: BUY
Technical Analysis
1. Pennant Pattern (Forming) The market should break out and retrace by the end of 2021
2. Fibonacci Retracement at 0.786 ( Silver Zone)
3. 1st Partial Take Profit will be at Fibonacci Expansion Safe Take...
Sign of Strength in the chart:
1. Pullback Completed with Red Pentagon low volume & Green Pentagon high volume
2. Price moving with trendlines
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
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Mid-Long Term trade
TP $1.16 (Revised along the way)
SL. $0.89
(Long term Investment can do dollar averaging)
If break down $0.70, must cut based on TA
1) Price reject MA200 on the 4hour chart
2) MACD bullish crossover from the oversold region
3) RSI attempt to breakout 50
4) Fundamentally, trading at attractive valuation
- Strong net cash of RMB 4.4 Bil (S$0.22 per shares)
- Annually dividend estimate 4.3% (annually in May)
- P/B 0.633
- P/E 7.6 x
5) Coming up results on 4 Nov
Accumulate bet 0.95 - 0.97
we are now entering a historical support range of 0.70 - 0.88 . This is a strong support which has held multiple times in the past (July 2009, September 2016) with a subsequent bounce off this range. Price level in specific i am looking at 0.79 as the crucial support which has been continuously tested but has held for the past 3 days after a bounce from the lows...
stock in up trend with potential to hit next resistance line @1.07 and if breakout will hit next line @ 1.13. Potential to long with stop-loss @ 0.94 and profit taking @ 1.07.
Potential Gartley Bullish Pattern on daily chart may have form. However, the ranges of XD is away from the ideal 0.786 nor D is in the ideal 1.27 fib range.
This is not financial advise.
Note: It will be good to always understand the risks involve in trading. Always trade with stop loss in place.
I personally do not like this stock but it is close to all time low, good value.
Enter 17/09/19 at $1.08
Exit at 1.12 in 20 days?
Past trades
Singapore airlines (Live trade)
Entered: 22/08/19 8.92
Exit: 13/09/19 9.19
Spotted but never managed to buy in
City Development (did not managed to enter)
Enter: 05/09/19 $9.42
Exit: 13/09/19 $9.70
Yangzijiang...
This stock has been tanking down since the news of its executive chairman has been involved in a investigation by the governmental authorities. From the daily chart, buyers are coming into YZJ, pushing the stock from 15 Aug to 19 Aug. This is a trap for the retail trader to chase YZJ. Based on the hourly chart, sellers are slowly transiting into buyers. We might...
View On YZJ Ship Building WTI Oil (22 May 2019)
Back Ground: YZJ is in the strong BEAR momentum since last late Apr. To me, it is more of reducing the excess fat rather than the full-blown sell down.
Now it is approaching a decent support region of $1.40 region. The next strong support region (region 2) is 1.20 to 1.30. I expect the price shall not go lower...
