Chart source: Poemsview 3rd June 2018
Yzj Shipblgd a stock that we’ve been covering numerous times have yield very positive results so far. From the downside to the rebound we were there faithfully capturing every move.
In our recent post just LAST WEEK, we mentioned that Yzj Shipbldg was due for a rebound due an extreme overselling and the company coming up to do some share buy back. Just Using simple TA we managed to spot the turn.
Yzj Shipbldg indeed had a rebound over the last two trading days and also closed at our resistance of $1.03. We might expect more upside in the coming days to around the 20ma which is at $1.09. It also coincides with the downtrend resistance line we drew.
So Lets watch and see how it performs this week.
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