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Yangzijiang Shipbuilding Ltd (BS6) – Bullish Momentum Boosting Near-Term Outlook

 



Yangzijiang Shipbuilding (YZJ) has been exhibiting favourable technical and fundamental observations.


1. Technicals

The chart shows a price breakout above S$2.75, which had previously served as a strong resistance level. This breakout occurred with increasing volume, indicating strong buying momentum.

  • Price Targets:
    - 1st Target: S$3.0
    - 2nd Target: S$3.20
    - Trailing Stop Loss Box (7): S$2.36 (Current)

These targets are in line with Fibo extension, 1.618% (S$3.02) and 2.0 (S$3.19).

Support and Stop-Loss
Investors should keep an eye on the trailing stop at S$2.36, derived from current Box (7) value.

Relative Strength
While the stock is outperforming the STI index, the relative strength index (RSI) is not yet overbought, signaling room for further upward movement.

2. Fundementals
YZJ's robust strong order and underlying structural trend in shifting to clean Energy Vessels container and LNG vessels, continues to support company's order book, which extends into 2026, provides revenue visibility and investor confidence.

Disclaimers Apply




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