Tuesday, April 27, 2021

Technical Analysis Apr 2021: YZJ (SGX: BS6)



Yangzijiang Shipbuilding Holdings Ltd 

Observation from Chart: 

YZJ Shipbldg (BS6) forming higher high & higher low. 

Will it retrace down FIBO 78.6% level? 

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

Immediate resistance @ $1.46 level. 
Subsequent resistance @ $1.54 level. 

Immediate support @ FIBO 78.6% level. 
Subsequent support @ FIBO 61.8% level. 

Let's watch closely Disclaimer

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