Yzj Shipbldg – [ Downside Target Met, Any Rebound? ]algo investing.com/wp-content/uploads/2018/10/YZJ-1.png” alt=”” width=”957″ height=”547″ srcset=”http://algo investing.com/wp-content/uploads/2018/10/YZJ-1.png 957w, http://algo investing.com/wp-content/uploads/2018/10/YZJ-1-300×171.png 300w, http://algo investing.com/wp-content/uploads/2018/10/YZJ-1-768×439.png 768w, http://algo investing.com/wp-content/uploads/2018/10/YZJ-1-600×343.png 600w, http://algo investing.com/wp-content/uploads/2018/10/YZJ-1-710×406.png 710w” sizes=”(max-width: 957px) 100vw, 957px”>
Chart Source: Poemsview 26th Oct
Yzj Shipbldg wasn’t spared the massive sell down that happened on Dow jones on wednesday night. Yzj Shipbldg fell to a low of $1.12 just shy of 1 cents to our second target of $1.11. We could see how Yzj Shipbldg fell off from its uptrend line and failed to regain footing above it which was a sign of more downside to come.
Our EXCLUSIVE CLIENTS were informed of this trade analysis just on Wednesday before the mayhem happened and we’re glad that our first downside target of $1.14 was hit in the first few minute of trading.
How is Yzj Shipbldg looking now? We were starting to get bearish in Yzj Shipbldg since early October if you remember. It his our downside target of $1.20 with an entry of $1.24. Since then Yzj Shipbldg started a rebound and was sold off heavily which might have damaged the uptrend.
So after any rebound for Yzj Shipbldg we might be looking for an opportunity for shorting again.
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