Stocks with Momentum: YZJ Shipbuilding & YZJ Financial

January 23, 2025

 

In today’s fast-paced stock market, understanding the subtle cues of technical analysis is crucial for smart investing.

In this article, we highlight Yangzijiang Shipbuilding Holdings Ltd (SGX: BS6) and Yangzijiang Financial Holdings Ltd (SGX: YF8) for their positive price action and signs of an uptrend.

Key highlights from the technical report:

Yangzijiang Shipbuilding

Market Position: YZJ Shipbuilding has reached our first target price of S$2.95 as of our technical report on Nov 21, 2024. We are adding a ‘technical buy’ on the stock, noting its break above major resistance at S$2.77 and other bullish indicators.

Entry Prices and Support Levels: Recommended entry points are S$3.00, S$2.77, and S$2.49, with established support levels at S$2.77 and S$2.49.

Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$2.30. The identified resistance level are S$3.20 and S$3.80.

Target Prices: Set at S$3.50, S$3.87, S$3.98, and S$4.05.

Company Overview: YZJ Shipbuilding builds a wide range of ships. The company produces commercial vessels, mini bulk carriers, multipurpose cargo vessels, containerships, chemical tankers, offshore supply vessels, rescue and salvage vessels, and lifting vessels.

For a more detailed analysis, click on the link to access the report.

Yangzijiang Financial 

Market Position: YZJ Financial’s price action suggests the start of an uptrend, with bullish continuation patterns and healthy trading volume. Therefore, we designate it as a ‘technical buy.’

Entry Prices and Support Levels: Recommended entry points are at S$0.430, S$0.400, and S$0.385, with established support levels at S$0.420 and S$0.370.

Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$0.365. The identified resistance level is S$0.445.

Target Prices: Set at S$0.480, S$0.550, S$0.600, and S$0.650.

Company Overview: YZJ Financial operates as an investment holding company, serving customers in Singapore. The company focuses on three main areas: investment management, fund/wealth management, and debt investment.

For a more detailed analysis, click on the link to access the report.

Take advantage of the stock’s momentum.

Our goal is to provide you with clear, actionable insights from the complex world of stock charts and trends. Whether you’re an experienced investor or new to the market, our analysis is tailored to help you navigate the market with confidence.

Please refer to the attached report for the disclaimer.

Chua Wei Ren, CMT

With over 12 years’ experience, Wei Ren is a market strategist who specialises in Technical Analysis and Macro Economics. Leveraging core price action trading strategy with classical technical analysis to spot market movements for entries and exits, he believes that historical data plays a pertinent role in how market prices would impact future trades. Wei Ren also writes for CGSi Trendspotter, a daily market outlook report that aims to identify trading ideas in Singapore, as well as China and Hong Kong’s equity markets. A seasoned presenter, he has been hosting live webinars since the start of his career as a market strategist and has been featured on various mainstream media platforms including The Business Times ‘Chart Point’ and Capital 95.8.

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