$YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$ As a short term trader what will I do if I am looking to take profit for YZJ?
Fixed profit target:
$1.46 which coincide with previous historical resistance area
Trailing profit target:
Pull out 5-day moving average. As long as the price stay above the 5MA I will continue to hold and don't anticipate the high. I will Sell when 5MA Effectively broken.
*Effective mean gap down or long bearish candle piercing through support level (5MA).
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