Following up from previous blog post about 2 weeks back >>> http://singaporetradinginsights.blogspot.sg/2018/03/yzj-shipbldg-weakness-may-return-below.html
We have indeed seen more weakness in YZJ Shipbldg with it hitting our downside target at 1.20 last week..
Some downside targets were drawn last week again to reiterate a potential move down below 1.20 and seems like playing out though more downside confirmation needed...
Downtrend may be intact below 1.20 now... cautious long...
Targets can be to 1.05 – 1.10 as drawn...
It was also mentioned in previous blog post about a BEARISH SIGNAL that we had on the SYSTEM….
Seems like we are still NOT SEEING any Exits on the bearish signal yet… (See below chart)
So can there be more weakness ahead towards 1.10 then 1.05?
Well possible…. More importantly, want to know what goes on behind the signal???
Like why is there even a signal in the first place?
Find out more about the system and the strategy behind in a LIVE workshop >>> REGISTRATION OPENED! CLICK HERE.
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