YZJ Shipbldg SGD - Are the Sellers Regaining Back Control After the Recent Rally? (This level Crucial!)

Since March, we have seen YZJ Shipbldg staged a fantastic recovery.. 🌈


After breaking above the 0.85 level in early April, it has traded all the way up to 1.05..


That is like a 𝐦𝐨𝐫𝐞 𝐭𝐡𝐚𝐧 𝟑𝟎% 𝐫𝐞𝐯𝐞𝐫𝐬𝐚𝐥 from the low we have seen in March. 👍


Joey here, Top Tier Remisier in Phillip Securities.


The thing is, 


Over the past few weeks, it seems to 𝐡𝐚𝐯𝐞 𝐡𝐢𝐭 𝐚 𝐑𝐎𝐀𝐃𝐁𝐋𝐎𝐂𝐊! 🚫


Buyers were simply not able to follow through above 1.05..


And some 𝑩𝑬𝑨𝑹𝑰𝑺𝑯 price actions instead returned over the past few days... 🐻


"𝙎𝙤 𝘼𝙧𝙚 𝙩𝙝𝙚 𝙎𝙚𝙡𝙡𝙚𝙧𝙨 𝙍𝙚𝙜𝙖𝙞𝙣𝙞𝙣𝙜 𝘽𝙖𝙘𝙠 𝘾𝙤𝙣𝙩𝙧𝙤𝙡 𝘼𝙛𝙩𝙚𝙧 𝙩𝙝𝙚 𝙍𝙚𝙘𝙚𝙣𝙩 𝙍𝙖𝙡𝙡𝙮?"  

Check out this video Recorded Live EOD 14 May 2020.


Let's see which level is 𝑪𝑹𝑰𝑻𝑰𝑪𝑨𝑳 𝑭𝑶𝑹 𝑵𝑶𝑾,


and WHY you want to be careful of more weakness if we are still capped below it.


Like and Share if you found it useful.👍

Watch Video here >> https://www.facebook.com/tradingimpossible/videos/2553046701621885/