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Monday, April 20, 2020

YZJ

Chart wise, the running up is too steep + rejecting the resistance at $1.07 coupled with high volume, looks like big boys has already exited!


Two doji for the next two trading days seems like it is doubtful of the recent running up!


Short term wise, a breaking down of 98 cents would see further selling down pressure!
Likely to go lower to test 90 cents with further sliding down towards 80.


As oil demand slow down, many shipping or logistics shipments may also badly affected as cargoes volume may be much lowered .

Not a call to buy or sell.
Pls dyodd.

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