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Sunday, September 4, 2016

YZJ ShipBldg

YZJ ShipBldg - 3rd Sept 2016

YZJ ShipBldg from TA point of view is rather bearish.
It has been on a downtrend mode from the high of $1.20+ to a low of 72 cents on 2nd Sept 2016. This is generally quite negative.

Last Friday it has broken down the support level at 75 cents and closed lower at 72 cents This may likely provide further indication that the share price may continue to trend lower.

Also both Macd & Rsi are still trending lower . Short term wise, I think it may go down to re-test 70 cents. Breaking down of 70 cents with high volume that may  drive the share price to go further South towards 65 cents then 60 cents.
(trade base on your own decision)


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