16 May 2017, Tuesday, 10.15am Singapore Time
(Click on the Chart to Enlarge)
Attached above is the advanced technicals for Yangzijiang Shipbuilding. The green region is my live warnings in 1H-2016 and 2H-2016 to scoop up risk-on stocks such as cyclic stocks and penny stocks, forewarning that smart money volume flow reflects a bullish inflow into these stocks all over the world. Yangzijiang is going towards the +100% profit mark (http://donovan-ang.blogspot.sg/2016/09/yangzijiang-technical-analysis-6.html) and it is still far away from my eventual target now. This is the reason why, and if you want to pick up advanced technical skills, do read in detail and digest fully: There is a break-up of the symmetrical triangle followed by shake-down below symmetrical triangle followed by break-up of the blue flag, all done just below the multiyear high. This means smart monies and hot monies like this stock, do not want you to like it yet, and will rally it way beyond $1.48. A new multiyear high is expected now.