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Sorry, correct me if i m wrong this should be a double top instead of double bottom because the previous trend is uptrend. Double bottom formed when previous trend is downtrend.
Anyway, i feel there is two possibility. Best is still wait for the technical indicator to confirm the direction. hold ur ammo, just in case it is realli double top then go into downtrend then jialat!!!
edwinteo ( Date: 23-Nov-2010 00:53) Posted:
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Can !! pls enter fast to make it orgasm !!
So can still enter now ?
Orgasm soon !!!
YangZijiang end with a doji star today. MACD still abit bearish. But william %K and stochastic is in oversold region! =D
read my detail analysis on YangZijiang @ Lollymotion
I prefer to wait for confirmation sign to appear before appearing. though might miss the lowest point but at least trade in ease =) Plan ur trade, determine when to stop loss, when to take profit. don step in blindly.
thank you =)
epliew ( Date: 22-Nov-2010 18:56) Posted:
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sorry guys, i have a change in thinking.....
i stop buying for now......
downward trend.
edwinteo ( Date: 23-Nov-2010 00:53) Posted:
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YZJ is forming double bottom....UPUP....FLY...
btw, i like ur charts!
epliew ( Date: 22-Nov-2010 18:50) Posted:
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what is your recommendation ?
enghou ( Date: 19-Nov-2010 16:57) Posted:
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while cosco has gone up to 2.1 range
YZJ is about time.....
be patient.
calculus1985 ( Date: 21-Nov-2010 13:34) Posted:
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The Board of Directors (the “Board”) of Yangzijiang Shipbuilding (Holdings) Ltd. (“YZJ” or the “Company”) is pleased to announce that the Company and its wholly-owned subsidiary, Jiangsu New Yangzi Shipbuilding Co., Ltd (“JNYSCO”) has entered into an agreement to incorporate a new subsidiary, Jiangsu Xinyangzi Marine Equipment Manufacturing Co., Ltd (“JXMECO”) in the People’s Republic of China with a registered paid-up capital of USD40,000,000.00.
The Company and JNYSCO will invest USD19,600,000.00 and USD20,400,000.00 to subscribe for 49% and 51% equity interest in the share capital of JXMECO respectively.
The newly set up subsidiary, JXMECO will acquire a land at approximately 310,000 square metres which located next to Jiangsu Xinfu Shipbuilding Co. Ltd, an associated company of the Company, at a consideration of RMB60,000,000.00 from the China government authority.
This investment is expected to further expand the shipbuilding capacity of the Company.
The Company and JNYSCO will invest USD19,600,000.00 and USD20,400,000.00 to subscribe for 49% and 51% equity interest in the share capital of JXMECO respectively.
The newly set up subsidiary, JXMECO will acquire a land at approximately 310,000 square metres which located next to Jiangsu Xinfu Shipbuilding Co. Ltd, an associated company of the Company, at a consideration of RMB60,000,000.00 from the China government authority.
This investment is expected to further expand the shipbuilding capacity of the Company.
Yangzijiang hit the Support level a few days back @ 1.86 region. Will it bounce up?
Read my analysis of Yangzijiang @ lollymotion
On Friday, Yangzijiang retest the support at $1.86 and closed at $1.89 with LOW volume of 10.23 million shares traded.
A black candle stick with upper/lower shadow indicates that prices remain supported but unable to rise further up.
RSI & MACD are bearish as RSI remain trending downwards.
Resistance of Yangzijiang: $2.03
Immediate Support of Yangzijiang: $1.86
Currently prices are supported by 50 days MA and resisted by 20 days MA.
It seems that the support at $1.86 is very strong as it continues to support the prices.
If not for the recent tightening policies from Beijing, we would certainly suggest buying at this level. Thus we suggest that we wait to see more outcomes from China side.
SEE ANALYSIS FOR SOUND GLOBAL
For readers who are vested, do watch out for this support as well. Once the supported breached, there will be another wave of selling pressure which prices can drop all the way to immediate support of $1.75
Typo Error ??? Tea-come ??????????
Cosco (F83.SG) +2.1% at...............C S keeps Underperform rating, ups target to S$1.50 vs S$1.20 ............................ highlighting oversupply in bulk carrier market, company's belief 2011 order intake to be flat on-year ....??????????????????
CheongCK ( Date: 20-Nov-2010 18:12) Posted:
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I Think Pharoah Typo Error
blueheat ( Date: 20-Nov-2010 11:52) Posted:
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CoscoCorp one moment TP 2.40 one moment TP 1.50... Wat the?! the analysis by all these analysts are all crap I feel.
Ya... hopefully next Monday it will falls below 50MA @ $1.86 !!
epliew ( Date: 19-Nov-2010 18:30) Posted:
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You own TP or from which MFT ???
pharoah88 ( Date: 19-Nov-2010 18:25) Posted:
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wow fake one !
des_khor ( Date: 18-Nov-2010 16:23) Posted:
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