Saturday, May 8, 2021

Technical Analysis May 2021: YZJ (SGX: BS6)



Yangzijiang Shipbuilding Holdings Ltd 

Observation from Chart: 

YZJ Shipbldg (BS6) forming doji at $1.55 high.

Will it retrace down FIBO 78.6% or MA20 level?

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

Immediate resistance @ $1.41 level. 
Subsequent resistance @ $1.54 level. 

Immediate support @ FIBO 78.6% or MA20 level. 
Subsequent support @ FIBO 61.8% level. 

Let's watch closely Disclaimer

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