Overview of Yangzijiang Shipbuilding SGD

The report by Lim & Tan Securities provides an in-depth technical analysis of Yangzijiang Shipbuilding SGD (YZJ Shipbldg SGD), highlighting its bullish outlook in the short-term. The stock has shown promising signs of upward momentum, making it a compelling recommendation for investors based on technical indicators and price movement trends.

Short-Term Outlook: Bullish Momentum

The price direction for YZJ Shipbldg SGD is forecasted to remain bullish over the next one to two weeks. This is backed by multiple technical indicators:

• The share price has rallied by over 5% since the previous technical charting report on January 20, 2025, when momentum was identified as positive.
• The Moving Average Convergence Divergence (MACD) chart shows a bullish crossover. This occurred when the MACD line (blue line) cut above the signal line (orange line) in late January 2025, signaling a positive trajectory.
• The Relative Strength Index (RSI) currently sits at 58, below the overbought threshold of 70. This suggests there is still room for further price appreciation before any potential pullback occurs.

In the short term, the stock’s resistance level is capped at S\$3.20, which represents the next psychological price barrier. Conversely, if momentum turns negative, the stock may find support at S\$2.94, corresponding to the daily low recorded on January 23, 2025.

Medium-Term Outlook: Sideways Movement

While the short-term outlook remains bullish, the medium-term forecast indicates a sideways trading pattern. Key technical levels for the medium-term are:

• Resistance: S\$3.30
• Support: S\$2.85

The medium-term outlook suggests the stock may encounter consolidation within these levels, reflecting a period of range-bound movement.

Long-Term Outlook: Sustained Bullish Trend

Looking further ahead, YZJ Shipbldg SGD is expected to maintain a bullish trajectory over the long-term. The report highlights the following technical levels for long-term investors:

• Resistance: S\$3.50
• Support: S\$2.75

The sustained bullish outlook in the long term suggests that the stock remains an attractive option for investors with a longer investment horizon.

Key Technical Exhibits

The report provides detailed visuals to support the analysis:

• Exhibit 1: A daily chart since July 2024 highlights the bullish short-term trend.
• Exhibit 2: A weekly chart since 2016 demonstrates the sideways movement in the medium-term.
• Exhibit 3: A monthly chart since 2010 underscores the bullish long-term trend.

Analyst’s Recommendation

Based on the technical analysis, Lim & Tan Securities recommends a BUY for YZJ Shipbldg SGD in the short term. The stock’s positive momentum, coupled with favorable technical indicators such as the MACD and RSI, supports this recommendation. Investors are advised to monitor key resistance and support levels for potential entry and exit points.

Disclaimer

Lim & Tan Securities emphasizes that this analysis is intended for general circulation and does not account for the specific investment objectives, financial situation, or needs of individual investors. Readers are encouraged to consult their financial advisors before making any investment decisions. Additionally, the accuracy and completeness of the report are not guaranteed, and the views expressed are subject to change without prior notice.