Title: Yangzijiang Shipbuilding (SGD) – A Detailed Technical Analysis
Lim & Tan Securities | 17 March 2025

Yangzijiang Shipbuilding (SGD) – A Detailed Technical Analysis

Short-Term Outlook: Bullish

The research team at Lim & Tan Securities has identified a bullish trend for Yangzijiang Shipbuilding’s (YZJ Shipbldg SGD) share price in the short-term, recommending a BUY based on their technical analysis. [[1]]
Despite the stock’s year-to-date decline of over 23% since closing at $2.99 on 31-Dec-24, the analysts believe the sell-off may have been overdone and that the prevailing momentum is no longer bearish. 1
The MACD chart is emitting a positive signal, with the MACD line (blue) crossing above the signal line (orange) in the past fortnight, indicating a bullish crossover. 1 Furthermore, the Relative Strength Index (RSI) is currently trading at 45, well below the overbought level of 70, suggesting ample room for further appreciation before a potential pullback. 1
In the near-term, the analysts see the share price upside for YZJ Shipbldg SGD being capped at the $2.43 resistance level, which corresponds to the daily high on 10-Mar-25. 1 However, should the price momentum turn negative, the $2.21 support level, as outlined by the trend low on 13-Mar-25, could limit any further downside in the short-term. 1

Medium-Term Outlook: Sideways

Looking at the weekly chart, the analysts have identified a sideways trend for YZJ Shipbldg SGD in the medium-term, with a resistance level at \$2.50 and a support level at \$2.15. [[2]]

Long-Term Outlook: Bullish

The monthly chart analysis suggests a bullish long-term trend for YZJ Shipbldg SGD, with a resistance level at \$2.73 and a support level at \$2.07. [[3]]