This stock has been tanking down since the news of its executive chairman has been involved in a investigation by the governmental authorities. From the daily chart, buyers are coming into YZJ, pushing the stock from 15 Aug to 19 Aug. This is a trap for the retail trader to chase YZJ. Based on the hourly chart, sellers are slowly transiting into buyers. We might...
View On YZJ Ship Building WTI Oil (22 May 2019) Back Ground: YZJ is in the strong BEAR momentum since last late Apr. To me, it is more of reducing the excess fat rather than the full-blown sell down. Now it is approaching a decent support region of $1.40 region. The next strong support region (region 2) is 1.20 to 1.30. I expect the price shall not go lower...
From the diagram, it can be sure 95% herd are either bearish, calling for bear market, calling recession and calling for crisis. We are in super-cycle bull market of a life time.
As per chart counter trading in price range 1.22-1.30. as per price pattern trading sideways in narrow range. Bullish Above 1.30 Bearish Below 1.22