Friday, September 2, 2016

YZJ Shipbldg: Support giving way? price 0.745, A sell down seen again

From previous note, we have indeed a sell down at the 0.75 support level today, after holding above for about 3 weeks.

New low at 0.735 see just now…

Can expect more weakness if it were to stay below 0.75 new cap now…

Likely to test the next support at 0.700 where we may see some short covering before a consolidation again…..


Recent Emails:

Sent: Thursday, September 01, 2016 9:36 AM
Subject: ******* YZJ Shipbldg: Back to key support at 0.75, a potential downside move, price 0.755

Sent: Thursday, August 25, 2016 10:00 AM
Subject: ******** YZJ Shipbldg: Still capped at 0.800, a negative below still, price 0.785

Sent: Monday, August 15, 2016 9:38 AM
Subject: ********* YZJ Shipbldg: Hovering dangerously above the 0.75 level, more selling likely below.... cautious long, price 0.755

Sent: Friday, August 12, 2016 9:42 AM
Subject: ********** YZJ Shipbldg: Clear breakdown below 0.800 as mentioned..... price 0.76

Sent: Thursday, August 11, 2016 10:05 AM
Subject: *********** YZJ Shipbldg: Can the 0.800 holds today? looks weak below... price 0.795

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