Short Term Trading Idea on Yangzijiang Shipbuilding BS6 9 Dec 2016

Yangzijiang Shipbuilding (BS6 / Daily Chart)

*This idea is to trade on the higher possibility of advancing share price. I highly recommend clients to have stop loss when doing trading.*

Cup and Handle formation spotted. It is a bullish continuation pattern.

(Details on formation:

Comments: Stock seems to trade with support of 14 days Moving Average (Indicated by Thin Red Line). If the 14 day Moving Average crosses the 200 days Moving Average (Long Term, Thin Green Line), it will have high chance of trading at a even higher price. This is even better if coupled with higher trading volume.

Short Term Price Support: $0.86
Next Price Support $0.83

Resistance Price: About $0.93
Suggested Entry: $0.83 – $0.86

Target Profit Taking Price: $0.93 & Higher (6.70% Profit, with entry at $0.86)
Time Frame: 2 weeks – 1 month
Suggested Minimum Trade Size: 5000 shares (About $4.3K)

Risk Level: Mid
Stop Loss: Once the share price breaks below $0.83 (5.36% Loss, with exit at $0.825)

*Chart at 12pm*


UPDATE – Yangzijiang Shipbuilding Q3 profit falls 59 per cent, Companies & Markets – THE BUSINESS TIMES

THE BUSINESS TIMES Transport – YANGZIJIANG Shipbuilding (YZJ) posted a 59 per cent decrease in third quarter net profit to 281.2 million yuan. . Read more at The Business Times.

Source: UPDATE – Yangzijiang Shipbuilding Q3 profit falls 59 per cent, Companies & Markets – THE BUSINESS TIMES

Amazon takes up 100,000 sq ft at Mapletree facility: sources

NOV 5, 20165:50 AM


AMAZON has signed a lease for nearly 100,000 square feet at Mapletree Logistics Hub – Toh Guan in the Jurong East area, sources have told BT.

This is expected to serve as a fulfilment centre for its e-commerce business as well as offices. Operations are expected to begin in two months.

Mapletree Logistics Trust (MLT), the owner of the six-storey ramp-up warehouse facility, declined to comment when contacted by The Business Times.


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