BS6 Analysis (Long-Term) for SGX Stocks 1.40 to 2.50
TICKER CODE: B56
Company Name: YANGZIJIANG SHIPBLDG HLDGS LTD
Industry: Industrials / Capital Goods / Machinery
Position Proposed: BUY
Technical Analysis
1. Pennant Pattern (Forming) The market should break out and retrace by the end of 2021
2. Fibonacci Retracement at 0.786 ( Silver Zone)
3. 1st Partial Take Profit will be at Fibonacci Expansion Safe Take Profit, Flagpole Length and somewhere near Key Structure Level (Very likely for price rejection/Pullback)
4. 2nd Partial Take Profit MAY NOT REACH we will need to see if 1st Partial Take Profit Level creates some sort of consolidation to decide on an exit or to hold to that level.
1st Entry: NOW READY (1.40-1.45)
2nd Entry: 0.85 (Based on 2nd Scenario) (End 2025-2026)
1st Partial Take Profit: 2.50
Based on 1st Scenario (End 2022-2023)
Based on 2nd Scenario (End 2025-2026)
2nd Partial Take Profit: 3.60 (EST 2029)
Company Name: YANGZIJIANG SHIPBLDG HLDGS LTD
Industry: Industrials / Capital Goods / Machinery
Position Proposed: BUY
Technical Analysis
1. Pennant Pattern (Forming) The market should break out and retrace by the end of 2021
2. Fibonacci Retracement at 0.786 ( Silver Zone)
3. 1st Partial Take Profit will be at Fibonacci Expansion Safe Take Profit, Flagpole Length and somewhere near Key Structure Level (Very likely for price rejection/Pullback)
4. 2nd Partial Take Profit MAY NOT REACH we will need to see if 1st Partial Take Profit Level creates some sort of consolidation to decide on an exit or to hold to that level.
1st Entry: NOW READY (1.40-1.45)
2nd Entry: 0.85 (Based on 2nd Scenario) (End 2025-2026)
1st Partial Take Profit: 2.50
Based on 1st Scenario (End 2022-2023)
Based on 2nd Scenario (End 2025-2026)
2nd Partial Take Profit: 3.60 (EST 2029)
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