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YINSON - More Upside or No More?

Long
MYX:YINSON   YINSON HOLDINGS BHD
YINSON - Today's long bearish bar may probably create a lot doubts among investors. Of course, this is sell on news candle. But is there any room left to run? Judging from the candle closing, which is done right above immediate support - 6.97/ upper Bollinger Band , and BB just started to widen, also RSI & MACD are both surging towards north, these positive factors shall allow the stock to regain its profit taking ground after all the short term punters exit their game. Chance to recover above 7.20 is there, and the stock cannot lose its support below upper BB otherwise direction will change.

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