$YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$
YZJ from a technical perspective
YZY business fundamental remains intact and what has changed was just the price.
Looking at Picture 1 yzj is still on a uptrend with long term moving averages sloping up+trend line.
Looking at Picture 2 yzj is a textbook breakout and retrace to find support at previous resistance around $1.55. It may be due for a rebound based on
1) Previous resistance act as a support
2) Stochastic oversold
3) Candle stick pattern of hammer (I don't really look at candle stick pattern actually)
However, remember that TA is just a probability.
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