Price of YZJ is nearing its 200 days MA which in my opinion, has a very low possibility of breaching it based on historical data (Last broken only in August 2019). RSI has gone into oversold territory and turning up. The last time we experienced this was March 2020. MACD is converging way below the baseline ad showing sign of turning up.
Next support around $1.27 – $1.30. Entry point $1.36, cut-loss at $1.19 and possible target ahead is $1.51.
Time Frame: 3 Months or Target hit
Worsening of the Evergrande situation in China.
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