YGMZ trading ideas and stocks volatility YGMZ has a beta of 1.32, meaning it tends to be more sensitive to market movements. YGMZ has a correlation of 0.02 to the broad based SPY ETF.
As of October 13, 2023, YGMZ stock price climbed to $0.45 with 75,309 million shares trading. Showing massive returns for investors.
YGMZ has underperformed the market in the last year with a price return of -76.2% while the SPY ETF gained +19.7%. YGMZ has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -50.0% and -5.4%, respectively, while the SPY returned -3.7% and +0.9%, respectively.
YGMZ support price is $.39 and resistance is $.45 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that YGMZ stock will trade within this expected range on the day.
YGMZ trade ideas
YGMZYGMZ .. exactly two years ago made one of the most powerful movements that Chinese stocks can show us .. from 3 went in one month to $58 .. at an exact perfect cyclical distance .. two years later .. we are with the today's low at $0.78 in oversold .. IS IT A CASE that if a reversal starts from here we can revise $6 -$10 from today's low by January 20, 2023? .. Betting 500$ could lead to about 5000$ ... I tried it from 0.98$ LET'S SEE
WATCH YGMZBullish
Fundamental ( not attractive )
- High inflationary Macro environment / no fear sentiment
- Funds Accumulation/Distribution
- Decent PE
- Decent PEG
- Decent P/FCF
- Leading Sector / Industry / Leader
- Not attractive fundamental / pilot back test
- 5/5 rules
Technical ( attractive )
- Momentum Theory Indicator - bottomed out
- Price action formation ( falling wedge )
- Broke Trend line / bottomed
- Above 200MA
- Above POC
- ST ok
- Bullish Candlestick pattern / formation
Entry idea
- For members
Stop loss depending on entry and risk appetite. But always set meaningful stops.
“Most people overestimate what they can do in one year and underestimate what they can do in ten years.”
Cheers and happy trading!
Not Your Broker Idea: "Trade" YGMZHere is a great opportunity to trade YGMZ .
There is a gap to fill from $6.40 - $7.20 and you are able to start a position in demand.
50%+ upside from current levels
We use a combination of fundamentals & technical analysis to trade high probability set-ups, and believe this is a great opportunity to take advantage.
My YGMZ Price TargetsHello all,
The chart is looking attractive in terms of being oversold and a possible bounce retesting all time highs.
In terms of actual DD;
- Small market cap makes it prone to volatility
- Flagged for unusual volume((9.46m shares today compared to 1.22m average)
- 74.25% insider ownership
- Signed a strategic cooperation agreement with Huawei Logistics
- Alpha Global Limited(BVI) holds $54.8m worth of shares
Good luck to all.
💎👐
$YGMZ PT 30-60 and higherMingZhu Logistics Holdings Limited, through its subsidiaries, provides trucking and delivery services using its truckload fleet and subcontractors in the People's Republic of China. The company provides dedicated truckload services to sizeable logistics companies, freight forwarders, and warehouse operators. It operates a truckload fleet with 132 tractors and 90 trailers. MingZhu Logistics Holdings Limited was founded in 2002 and is based in Shenzhen, China.