A Double Tops chart pattern is observed on Yangzijiang daily chart with neckline at about $1.25. Breaking down from this reversal chart pattern will send Yangzijiang to the price target of about $1.11. Currently the stock is just trading around the neckline support. Both weekly and daily charts are bearish base on 2/5 EMA, 20D SMA. MACD shows the bull has lost the steam as well. Another potential stock to short.
Yangzijiang Fundamental.
Yangzijiang is trading within a Symmetrical Triangle. Watch out for a breakout.
Yangzijiang has found the bottom and break the down trend pattern. The stock chart is showing “higher high, higher low” uptrend pattern, indicates the end of the uptrend for Yangzijiang. On the weekly chart, YZJ 2W MA, 4W MA is going to cross up 12W MA after forming a Morning Star on end Sept. Watch this $1.00 resistance closely! The Bull will be back when this $1.00 resistance is broken with huge trading volume.
Yangzijiang is also showing nice earning in the recent announcement.
Find YZJ fundamental here.
