$YANGZIJIANG SHIPBLDG HLDGS LT

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Huat99
2023-09-02

$YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$
Where the stock stands at based on daily RSI?
Daily RSI just broke trend support as shown, a similar situation back in Dec 2022 suggesting stock could have been peaked along recent high of $1.79

Two possible scenarios:
1. quick decline which is rather unlikely given that both 20 & 50 MA are trending upwards without losing much momentum
2. a delayed decline similar to what happens in last occurrence. Share price could possibly range-bound in narrow range with continued decline in trading volume and ended with a dive

S1: $1.50 | S2: $1.39
R1: $1.79

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Optionspuppy
·2023-09-02
Herr to support my friedn
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A1Broker
·2023-09-05
ok I wait 1.50 ya
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Share price could possibly range-bound in narrow range with continued decline in trading volume and ended with a dive\n \n S1: $1.50 |&nbsp;S2: $1.39 R1: $1.79\n \n<img src=\"https://community-static.tradeup.com/news/f04cc1a3a610e57196439c27e8203c4f\" tg-width=\"1484\" tg-height=\"931\"></body></html>","htmlText":"<html><head></head><body><a target=\"_blank\" href=\"https://ttm.financial/S/BS6.SI\">$YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$ </a>\n Where the stock stands at based on daily RSI?\n Daily RSI just broke trend support as shown, a similar situation back in Dec 2022 suggesting stock could have been peaked along recent high of $1.79\n \n Two possible scenarios:\n 1. quick decline which is rather unlikely given that both 20 &amp; 50 MA are trending upwards without losing much momentum\n 2. a delayed decline similar to what happens in last occurrence. Share price could possibly range-bound in narrow range with continued decline in trading volume and ended with a dive\n \n S1: $1.50 |&nbsp;S2: $1.39 R1: $1.79\n \n<img src=\"https://community-static.tradeup.com/news/f04cc1a3a610e57196439c27e8203c4f\" tg-width=\"1484\" tg-height=\"931\"></body></html>","text":"$YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$ Where the stock stands at based on daily RSI? Daily RSI just broke trend support as shown, a similar situation back in Dec 2022 suggesting stock could have been peaked along recent high of $1.79 Two possible scenarios: 1. quick decline which is rather unlikely given that both 20 & 50 MA are trending upwards without losing much momentum 2. a delayed decline similar to what happens in last occurrence. 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