YZJ Shipping

YZJ Shipping after hitting the high of 1.04 on 15th April 2016 it had since continued to trend lower to touch 89 cents on 19th May 2016. This is rather bearish.

The current price is hovering below the SMA lines which is generally rather negative.

Also both Macd & Rsi are still pointing downwards which may be a tell tale sign that the share price may continue to trend lower.

Short term wise it may continue to trend lower to re-visit 86.5 cents . Breaking down of 86.5 cents may see it goes further down to 80 cents then 77 cents.

(trade base on your own decision)