浩9
2021-04-20

$YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$ As a short term trader what will I do if I am looking to take profit for YZJ?


Fixed profit target: 

$1.46 which coincide with previous historical resistance area


Trailing profit target:

Pull out 5-day moving average. As long as the price stay above the 5MA I will continue to hold and don't anticipate the high. I will Sell when 5MA Effectively broken. 


*Effective mean gap down or long bearish candle piercing through support level (5MA).

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Comments

  • 浩9
    2021-04-28
    浩9
    Today (28 April 2021). The price go to SGD1.47, meaning that those who queue at 1.46SGD will be filled. Fixed target achieved.
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