YZJ SHIPBUILDING (BS6-SES)

YZJ SHIPBUILDING (BS6-SES)







                                    Yangzijiang Shipbuilding









Stock is now on high and consolidating on chart and may bounce if it break the level of 1.595. If we analyze daily chart of stock it has consolidation, immediate resistance was placed at 1.595 if it manages to sustain above this level we can expect further targets of 1.68.

Suggest midterm investors to pick stock at 1.60 . Stock has a major support of 1.52.

Overlays:
Bollinger Band: Stock has crossed the mid band on 1.527 & now trading @ 1.54.

Indicator & Oscillator
MACD- MACDmomentum above Signal line which is indicating bullish signal.
RSI –Relative strength Index is near 65 and sustaining above the level giving confirmation to positive trend.

Stochastic: K% Crossed D% which indicates bounce from bottom.

BUY YZJ SHIPBLDG (BS6-SES) @ 1.60 WITH SL OF 1.52 TP 1.68 

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