Yangzijiang: Trading in a Symmetrical Triangle
Yangzijiang is trading within a Symmetrical Triangle. Watch out for a breakout.
Singapore Stock Analysis, Singapore Stock Forum, Singapore Stock Blog. Value Investing, Momentum Investing of Singapore Stocks and US Stocks.
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.
Yangzijiang is at the edge of breaking out from the down trend channel and also clear the 50D MA resistance on last two trading days. As long as YZJ can stay above the 50D MA, this shipping stock will start an uptrend. At the current stock valuation, YZJ is under value.
