Chart Source: Poemsview 9th April 2018
Yzj Shipbldg one of singapore’s hottest stock had recently been sold down but could a rebound be on the cards?
A nice base has been formed around the $1.13 region and it has broken above its short term downtrend line today too. What would be ideal is that if today’s volume supersedes the previous few days.
But of course as our exclusive clients were informed earlier on at the $1.15 region their margin of safety is there and their risk reward ratio is good too.
Now that Yzj Shipbldg has moved up our potential target remains at $1.21 then $1.26. Our support would be around $1.13. We will continue to monitor the volatility of the market taking profits fast and adhering to a strict stop loss. These are key to survive such volatility.
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