$YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$

YZJ from a technical perspective

YZY business fundamental remains intact and what has changed was just the price.

Looking at Picture 1 yzj is still on a uptrend with long term moving averages sloping up+trend line.

Looking at Picture 2 yzj is a textbook breakout and retrace to find support at previous resistance around $1.55. It may be due for a rebound based on

1) Previous resistance act as a support 

2) Stochastic oversold 

3) Candle stick pattern of hammer (I don't really look at candle stick pattern actually)

However, remember that TA is just a probability.