Thursday, December 26, 2019

Technical Analysis Dec 2019: YZJ (BS6)



Yangzijiang Shipbuilding Holdings Ltd

Observation from Chart:

YZJ Shipbldg (BS6) succeed breakout ascending triangle resistance level, SGD1.13

Will it retest SGD1.35 resistance level?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K at BUY call itinerary.

Immediate resistance @ SGD1.35 level.
Subsequent resistance @ SGD1.46 level.

Immediate support @ SGD1.13 level.
Subsequent support @ SGD1.07 level.

Let's watch closely

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