Chart Source: Poemsview 31st May 2018 / SGX announcement
Yzj Shipbldg continued to fall as we forewarned. It has hit our $0.96 and $0.915 target and continued to slide down.
A very nice downside of about 15% since we POSTED and of course no hindsight there.
We hoped everyone took home something from our sharing.
For now, as we can see from today’s announcement, Yzj Shipbldg has started doing some share buy back. More can be read HERE.
Of course we do want to see some positive action following the firm’s bold move in its share buy back.
We’ll set our support at around $0.89-0.90 and a possible upside target of $0.97 first then $1.03.
Some rebound might be expected in the coming days if the support holds.
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