B8O trade ideas
BS6.SGX_Bullish Breakout Trade_LongENTRY: 1.27
SL: 1.16
TP: 1.35
- ADX>25
- Daily RS +ve
- Daily FFI +ve
- Weekly RS +ve
- Weekly FFI +ve
- Moving averages are aligned.
- First breakout from range on 22 Sep 2022 with volume before retracement to resistance-turn-support area (1.03) and rebounded with volume on 6 Oct 2022.
- Breakout today from ascending triangle pattern.
- Entry today based on breakout and >3% rebound off 10EMA with volume.
- Watch out for earnings in coming days.
YZJ - Breakout from SupportSign of Strength in the chart:
1. Bullish signal with volume
2. NS signal with Pullback
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
BS6 Analysis (Long-Term) for SGX Stocks 1.40 to 2.50TICKER CODE: B56
Company Name: YANGZIJIANG SHIPBLDG HLDGS LTD
Industry: Industrials / Capital Goods / Machinery
Position Proposed: BUY
Technical Analysis
1. Pennant Pattern (Forming) The market should break out and retrace by the end of 2021
2. Fibonacci Retracement at 0.786 ( Silver Zone)
3. 1st Partial Take Profit will be at Fibonacci Expansion Safe Take Profit, Flagpole Length and somewhere near Key Structure Level (Very likely for price rejection/Pullback)
4. 2nd Partial Take Profit MAY NOT REACH we will need to see if 1st Partial Take Profit Level creates some sort of consolidation to decide on an exit or to hold to that level.
1st Entry: NOW READY (1.40-1.45)
2nd Entry: 0.85 (Based on 2nd Scenario) (End 2025-2026)
1st Partial Take Profit: 2.50
Based on 1st Scenario (End 2022-2023)
Based on 2nd Scenario (End 2025-2026)
2nd Partial Take Profit: 3.60 (EST 2029)
<TradeVSA> Continuation in Uptrend after PullbackSign of Strength in the chart:
1. Pullback Completed with Red Pentagon low volume & Green Pentagon high volume
2. Price moving with trendlines
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
BS6 (SGX) - Be Carefull for BearishGreetings
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Strategy
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Analysis
BS6 (SGX) - Be Carefull for Bearish
YZJ Long1) Price reject MA200 on the 4hour chart
2) MACD bullish crossover from the oversold region
3) RSI attempt to breakout 50
4) Fundamentally, trading at attractive valuation
- Strong net cash of RMB 4.4 Bil (S$0.22 per shares)
- Annually dividend estimate 4.3% (annually in May)
- P/B 0.633
- P/E 7.6 x
5) Coming up results on 4 Nov
Accumulate bet 0.95 - 0.97
YZJ Shipbuilding Entering Support region. we are now entering a historical support range of 0.70 - 0.88 . This is a strong support which has held multiple times in the past (July 2009, September 2016) with a subsequent bounce off this range. Price level in specific i am looking at 0.79 as the crucial support which has been continuously tested but has held for the past 3 days after a bounce from the lows of 0.73.
In addition, a bullish divergence is observed on the Daily RSI, with a possible MACD reversal up. This suggest that in the near term, a bullish scenario would see a price reversal at 0.79 towards the upside
Fundamentals:
Potential Catalyst for upside:
YZJ Shipbuilding just secured a deal to build up to 10 Vessels (2 vessels confirmed and 8 more optional) in a contract worth USD$1.15 billion.
Cases in China are decreasing with most cases being imported. As the Chinese Government's effort to isolate imported cases and control the spread of COVID-19 kick in, factories and shipyard production will soon normalise and share prices will soon return to pre COVID-19 levels above $1
Potential Downside Risk:
Corona Virus Risk still looms over the global economy, with most companies expecting weak Q1 & Q2 earnings. Should the virus situation expand past Q3 2020, we can expect global trade to dramatically decrease, which will likely affect the commencement and subsequent completion of the other 8 vessels on Yangzijiang's order book.
YZJ - Potential non ideal - Gartley Bullish PatternPotential Gartley Bullish Pattern on daily chart may have form. However, the ranges of XD is away from the ideal 0.786 nor D is in the ideal 1.27 fib range.
This is not financial advise.
Note: It will be good to always understand the risks involve in trading. Always trade with stop loss in place.
Another 3% in 20 days?I personally do not like this stock but it is close to all time low, good value.
Enter 17/09/19 at $1.08
Exit at 1.12 in 20 days?
Past trades
Singapore airlines (Live trade)
Entered: 22/08/19 8.92
Exit: 13/09/19 9.19
Spotted but never managed to buy in
City Development (did not managed to enter)
Enter: 05/09/19 $9.42
Exit: 13/09/19 $9.70
Yangzijiang Shipbuilding
Enter: 17/09/19 $1.08
Exit: When price hit $1.12
YZJ Rebound in the making..... This stock has been tanking down since the news of its executive chairman has been involved in a investigation by the governmental authorities. From the daily chart, buyers are coming into YZJ, pushing the stock from 15 Aug to 19 Aug. This is a trap for the retail trader to chase YZJ. Based on the hourly chart, sellers are slowly transiting into buyers. We might see YZJ going on a higher high with a trap set at around $1.06 before moving higher. Cut loss at $0.95
YZJ ShipBuilding ($1.40 is an immediate support region)View On YZJ Ship Building WTI Oil (22 May 2019)
Back Ground: YZJ is in the strong BEAR momentum since last late Apr. To me, it is more of reducing the excess fat rather than the full-blown sell down.
Now it is approaching a decent support region of $1.40 region. The next strong support region (region 2) is 1.20 to 1.30. I expect the price shall not go lower than the region 2.
Target(s): Late to short, early to long.
SHTF: NA
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