Yzj Shipping – [ Rough Sea Ahead? ] 

Yzj Shipping has had a fantastic run the last two weeks or so but the momentum seems to be slowing down.

The Upper trend line seems to be resisting it from running further hence it might suggest some pullback in the making. It is currently consolidating around the box region which we have drawn.

Our trade plan might be to look for a short entry at around 1.62-160 area with a tight stop loss at 1.645, or when it breaks below the 5 days moving average which has been supporting it of around 1.575.

We’ll be watching for the momentum if it breaks above 1.645.

Want to learn more about our simple trading strategy which you have witnessed on our blog. Simply register here and we’ll be more than willing to impart our knowledge with you. Also we’ll be sharing how you can be included in our timing whats app alert.

Yours

Humbly

Kelwin&Roy

The post Yzj Shipping – [ Rough Sea Ahead? ] appeared first on Singaporehumblestock.