$扬子江船业(BS6.SI)$Has Yangzijiang reached another Cyclical Peak?
Weekly Chart Technical Analysis
- share price closed 4% lower on increased volume, slightly dip below POC
- RSI dip below 60, posing threat to fell below 50
- reference 2 cases back in Feb 2018 & Jul 2019
- trend reverse when share price completely dip below POC, after forming triple/double peak respectively
Be aware that similar scenario could re-occur if share price continues to dip towards $1.36
Note:
Point of Control (POC) – The price level for the time period with the highest traded volume.
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