Yangzijiang - Heavy Triggering Buyers

Yangzijiang had been selling down quite recently in recent weeks and the stock although had a lot of buy recommendations with new contracts secured, it did not performed as prices keep going down south without much support. Click below links to read.

https://www.theedgesingapore.com/yangzijiang-may-be-only-om-stock-deliver-stronger-q-o-q-results-season-cgs-cimb

https://www.theedgesingapore.com/yangzijiang-upgraded-attractive-valuations-after-share-price-dip

https://www.theedgesingapore.com/yangzijiang-secures-9-contracts-may-totalling-773-mil

This morning, Yangzijiang just triggered a major support level and the stock and slowly rebounded a little. It's like a ball dropped high to the ground and then suddenly there was a bounce up. It meant that buyers were interested in the new low price of 0.840 or why would the stock rebounded a little from there right? Based on Technical Analysis, it would have gone down lower but based on the supply/demand theory, I believe it's very risky to short now. Let's see how it pans out. My student just profited from the Yangzijiang through intraday trading. I am impressed with the profits.

Ronald K - Market Psychologist - A Stock Market Opportunist