The True Picture of Yangzijiang Shipbuilding: 6 November 2018, Tuesday, 2.27pm Singapore Time

The True Picture of Yangzijiang Shipbuilding: 

6 November 2018, Tuesday, 2.27pm Singapore Time

(Click on Technical Chart above to Expand)

Today, I am going to point out certain facts (Universal Truths) about Yangzijiang Shipbuilding:
1. It has made the Very Long Term Resistance Band the Very Long Term Support Band now.
2. It has reinforced the Very Long Term Blue Support Band as strong Support Band now.
3. Actions 1 and 2 are used together with green circled region's backtest for major upmoves, in this case, the 2 actions are used to confirm for break-up of black resistance trendline, brewing for Super-Cycle upmove.
4. This is in sync with Super-Cycle large upmove in worldwide markets. Another minimum of +100% profits can be expected from here for Yangzijiang longs.
5. 90% of market herd representing market fools or fools' monies are clueless, cautious, bearish, recessionary in view and warning of bear market and market crisis worldwide. This is the brilliance of global market movements so far.
6. When Shipbuilding Industry is just switching from winter into newfound spring, global markets are just at halfway mark.
Lastly,
【Don't be a fool and follow the herd shouting for bear or drawing bearish charts-- cluelessly like a headless chicken.】

Donovan Norfolk Ang

Yangzijiang Shipbuilding: 13 August 2018, Monday, 4.30pm Singapore Time

Yangzijiang Shipbuilding: 

13 August 2018, Monday, 4.30pm Singapore Time

(Click on Technical Chart above to Expand)

Attached is the Major Wave Technicals for Yangzijiang Shipbuilding, an STI Index Component Stock (Blue Chip) that is listed in the Singapore SGX (SGX: BS6). Yangzijiang has broken up the black trendline resistance as illustrated in light green circled region. This breakup of resistance follows the successful backtest of fibonacci 78.6% retracement support. The was achieved with high volume flow, i.e. where smart monies would like to end the correction. The volume flow is an exact duplicate of the breakout in end-2016 which spurred a more than 2x rally. Yangzijiang will attempt to spur another 2x rally from here.  See the pattern recognition region as illustrated on chart (light orange arrows).

Next target: $2.00.

Donovan Norfolk Ang