Just about 2 weeks back, we saw YZJ Shipbldg approaching the 1.30 support level where there were some short covering…
It was mentioned that it could also stage a temp rebound from 1.30 which it did but one would also want to be cautious for more downside below 1.30..
Some target were drawn to the downside also, see what I mean.
Seems like we are seeing the sell down below 1.30 today where downside targets may be playing out…
Want to know how to can tell if a downside move is coming?
Well, we actually had a few Bearish Signals on the system over the past 2 months…
Yup, when it was near 1.50.
Have been pushing lower since then with the 1.30 breaking today too… no exits on signal yet…
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Seats filling fast!!
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