YZJ Shipbldg SGD    Last:3.35   -

Cruising with the ship ..Yangzijiang

Hi ,

$1.57 is the point on the extension line of the neckline of the H& S pattern on 06/06/2011  . After breaking this supporting point , it could go further down n reaches the downside target . If the rebounce is weak , the gap at $1.53  would not be filled , n the   downtrend would resume .  And the trend would not reverse if the 200MA still provides strong resistance . Currently the downtrend is still intact .

Bintang .

Salute      ( Date: 24-Jun-2011 10:55) Posted: Hi Bintang, May I ask you how do you find the support of $1.57, the other cluster of prices around that was last Sept, but I can't find any candle sit on that price and if $1.40 broken, it will drop further right. and you think at this point it might turn up  is partly looking at the 200MA though above the present candle, it's uptrending. If 200MA is heading down, would you think the price will turn up. Thank you Regards, Lelia Bintang      ( Date: 20-Jun-2011 11:02) Posted: Yangzijiang struggled very hard to stay above the support at $1.57 for only one day on 10/06/2011. It fell heavily without any support to $1.40 last Friday (17/06 ) . At the same time , it created a gap at $1.53 , it may to fill the gap for a technical rebounce before going down again

 

Hi Bintang,

May I ask you how do you find the support of $1.57, the other cluster of prices around that was last Sept, but I can't find any candle sit on that price

and if $1.40 broken, it will drop further right.

and you think at this point it might turn up  is partly looking at the 200MA though above the present candle, it's uptrending. If 200MA is heading down, would you think the price will turn up.

Thank you

Regards,

Lelia

Bintang      ( Date: 20-Jun-2011 11:02) Posted: Yangzijiang struggled very hard to stay above the support at $1.57 for only one day on 10/06/2011. It fell heavily without any support to $1.40 last Friday (17/06 ) . At the same time , it created a gap at $1.53 , it may to fill the gap for a technical rebounce before going down again . Bintang      ( Date: 05-Jun-2011 10:12) Posted: It may to test the critical support at $1.57 in the near term

 

Yangzijiang Shipbuilding (Holdings) Limited  announced that the Group’s wholly owned subsidiary, Jiangsu New Yangzi Shipbuilding Co., Ltd. has entered into a Cooperation Framework Agreement on 21 June 2011 with China Development Bank Corp. and Peter Döhle Schiffahrts-KG. 

http://sgsharemarket.com/home/2011/06/singapore-company-highlights-24062011/?=YZJ

 

 

 

Yangzijiang struggled very hard to stay above the support at $1.57 for only one day on 10/06/2011. It fell heavily without any support to $1.40 last Friday (17/06 ) . At the same time , it created a gap at $1.53 , it may to fill the gap for a technical rebounce before going down again .

Bintang      ( Date: 05-Jun-2011 10:12) Posted: It may to test the critical support at $1.57 in the near term . Bintang      ( Date: 25-May-2011 15:51) Posted: Yangzijiang fell heavily when it pentrated the 200MA on 03/05/2011 .It even gapped down on 23/05/2011 at $1.68 n free fell for the past two days after forming the bearish rising wedge to reach $1.58 today . Now it is struggling to stay above the neckline at $1.57 . It at most would rebound to $1.68 , n would break the neckline after the rebounce to resume the downtrend .

 

On Friday, Yangzijiang re-test the resistance of $1.59 and closed at $1.57 with regular volume of 15.59 million shares traded.

A black candle stick with long upper/lower shadow similar to Doji indicates the indecision of the market.

RSI & MACD are bearish though RSI in oversold region.

Immediate Resistance of Yangzijiang: $1.59

Immediate Support of Yangzijiang: $1.53

Currently prices are well below 20/50/100/200 days MA.

On 23/May................ READ MORE

 

 

It may to test the critical support at $1.57 in the near term .

Bintang      ( Date: 25-May-2011 15:51) Posted: Yangzijiang fell heavily when it pentrated the 200MA on 03/05/2011 .It even gapped down on 23/05/2011 at $1.68 n free fell for the past two days after forming the bearish rising wedge to reach $1.58 today . Now it is struggling to stay above the neckline at $1.57 . It at most would rebound to $1.68 , n would break the neckline after the rebounce to resume the downtrend .

 

Buying activity seems to have started... following Cosco I believe. But Cosco is up 5-6 cents while Yangzijiang is still hovering at neutral.

Wonder who is the fellow who kept selling down 1 lot every now and then since this morning.

 

Hi stockwinner,

 

the dividend should be paid directly into your bank account, hence it is GIRO.

 

stockwinner Member	Posted: 25-May-2011 21:48
x 0 x 0	if I am POEMS.... my dividend will be by cheque or GIRO?

 

yangzijiang might move higher and test 1.72 again this week or next week. Good luck

 

if I am POEMS.... my dividend will be by cheque or GIRO?

 

So long as you are still holding before the XD & you sell after XD, you will be entitled to the dividends.

stockwinner      ( Date: 25-May-2011 08:19) Posted: i hold this stock for quite some time alerady....if i sell it today... could I get the dividend?Thanks

 

Phew... What a comeback...

 

Yangzijiang fell heavily when it pentrated the 200MA on 03/05/2011 .It even gapped down on 23/05/2011 at $1.68 n free fell for the past two days after forming the bearish rising wedge to reach $1.58 today . Now it is struggling to stay above the neckline at $1.57 . It at most would rebound to $1.68 , n would break the neckline after the rebounce to resume the downtrend .

 

O.O Going up now...watchout for the close price today if it happen to close at 1.62-16.4....This might be a reverse signal....

tiancai007      ( Date: 25-May-2011 15:29) Posted: My balls shrink when just now went down to 1.58...

 

My balls shrink when just now went down to 1.58...

 

i hold this stock for quite some time alerady....if i sell it today... could I get the dividend?Thanks

 

I think it will continue to fall... but will go back at 1.7-1.71 someday....

stockwinner      ( Date: 24-May-2011 20:13) Posted: any chance for this stock 1.78 leh...

 

any chance for this stock 1.78 leh...

 

I have different view.. I am a bear!
Good rebound today to test the resistance.
http://mystocksinvesting.com/singapore-stocks/yangzijiang/yangzijiang-start-down-trend-soon/

metaphoricsymbol      ( Date: 24-May-2011 14:05) Posted: Cosco has rebounded  5 cents but  YZJ only two. Looking at the chart where YZJ has sudden dip of one day, it tends to rebound rather than sink lower. If this is the case, I am  hopeful it will  rebound 5 cents these few days to 1.67-1.68 level and build a base there before  attempting to cross the 1.76 resistance.   hpong5      ( Date: 23-May-2011 19:02) Posted: Looks like this one gotten dragged down by cosco today causing massive damages to margin and contra players. Hopefully the BBs are kind enough to push up the price tomorrow.

 

Cosco has rebounded  5 cents but  YZJ only two.

Looking at the chart where YZJ has sudden dip of one day, it tends to rebound rather than sink lower. If this is the case, I am  hopeful it will  rebound 5 cents these few days to 1.67-1.68 level and build a base there before  attempting to cross the 1.76 resistance.

 

hpong5      ( Date: 23-May-2011 19:02) Posted: Looks like this one gotten dragged down by cosco today causing massive damages to margin and contra players. Hopefully the BBs are kind enough to push up the price tomorrow.