YZJ ShipBuilding ($1.40 is an immediate support region)View On YZJ Ship Building WTI Oil (22 May 2019)
Back Ground: YZJ is in the strong BEAR momentum since last late Apr. To me, it is more of reducing the excess fat rather than the full-blown sell down.
Now it is approaching a decent support region of $1.40 region. The next strong support region (region 2) is 1.20 to 1.30. I expect the price shall not go lower than the region 2.
Target(s): Late to short, early to long.
SHTF: NA
DYODD, all the best and read the disclaimer too.
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