YangZiJiang

 Fundamentally, one of the better shipping company around.

Despite tough condition for China shipping industry, Yangzijiang's recent result is in line with expectation for most of the research houses.

One of the lowest P/E ratio shipping company at the moment, (w china exposure).

If you a fundamentalist, you can also consider this counter as they also do give good dividend. From historical data, their dividend works out to be around 5.00+ percent as of current price. However, their announcement date for their dividend usually comes at Feb. Definitely a good counter to buy if you are a fundamentalist, looking at exposure to shipping industry with decent dividend.

If you a trader, the more you should look at the 2 charts below

Too much typo for Chart 2. Read Below for Chart 2

Been observing Yang since the reverse upthrust spotted 7 trading days ago. Prices went down before closing up at huge volume. Showing significant buying strength from the SM. The next day, we see a shakeout, forcing more weak holders transfering shares to the SM. Note that volume is low, probably indicating lesser supply/supply has dried up. These are key and is indicated as strength in a VSA set up.

Yesterday, we witness a low volume shakeout again. On hindsight, when you have observed strength in the background previously, even though it was a down bar yesterday, trade volume is very low and in my opinion, it is just a test again. Low volume = good, potential to run up higher, especially with earlier strength in the background.

Today, we see strong up bar with volume. Very strong buying activity.

What I expect in the near future : With strong accumulation by the BB and the constant flushing down of weak holders, I expect Yang to test 1.10 at least. Let's see. This is not a buy/sell recommendation.

Above is not a buy/sell recommendation but educational