Chart Source: Poemsview 14th May 2019
Yzj Shipbldg continue to fall and patience paid off as it hits our lower band of the uptrend support line we drew back on 12th April 2019.
Back then when Yzj Shipbldg was trading at around $1.62 we blogged and gave some possible scenarios. We’re glad that it went according to plan and achieved a 10% downside in one month.
Yzj Shipbldg has now hit a nice support of $1.45 and it might hover around this support for awhile before a next move. If $1.45 breaks then we might see the next downside target to $1.42 or even $1.38.
Remember, it is always important to have a sound and actionable trade plan.
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