In March, YangZiJiang (YZJ) was highlighted as a counter which has strong upside potential. YZJ was then testing and rebounding from a key Moving Average support. With strong reversal signals manifesting themselves, that suggested strong likelihood that the uptrend will continue.
As we can see now in April, YZJ indeed extended its rally as it continues to make multi-year highs. Watch the key resistance at around $1.44 as YZJ trades towards it. Should this level hold, we may see some retracement back to support levels.
To learn about the significant MA support levels as well as how to time your entries thereafter, join us in the upcoming complimentary seminar.
(SG) 2-Hour Coaching Session - Software Edition
Date: 18 Apr 2015 (Saturday)
Time: 3:00pm-5:00pm
Venue: ChartNexus Learning Centre, Silver Room, 10 Anson Road, International Plaza, #34-08, Singapore 079903. (Next to Tanjong Pagar MRT)
