YZJ Shipping – [ Hit A Rough Patch And Came Down]

24th August, 2017, 11:59 PM

YZJ Shipping – [ Hit A Rough Patch And Came Down]yzj

Yzj Shipping came down as we posted last Friday. The upper trend line did act as a resistance and it came sailing down.

It has came down about 4% since entry and is now hovering around the middle trend line. Our eventual target might be around 1.50 which is the upper trend line support. From there we will look at the market conditions again. We’ll also move our trailing stop down to at least 1.605. So the worse case we break even.

Yours

Humbly

Kelwin&Roy

Yzj Shipping – [ Rough Sea Ahead? ]

18th August, 2017, 12:24 AM

Yzj Shipping – [ Rough Sea Ahead? ] yzj

Yzj Shipping has had a fantastic run the last two weeks or so but the momentum seems to be slowing down.

The Upper trend line seems to be resisting it from running further hence it might suggest some pullback in the making. It is currently consolidating around the box region which we have drawn.

Our trade plan might be to look for a short entry at around 1.62-160 area with a tight stop loss at 1.645, or when it breaks below the 5 days moving average which has been supporting it of around 1.575.

We’ll be watching for the momentum if it breaks above 1.645.

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Yours

Humbly

Kelwin&Roy