Broker: Lim & Tan Securities
Date of Report: 10 June 2025

Yangzijiang Shipbuilding SGD: Bullish Momentum Signals Further Upside – A Comprehensive Technical Analysis

Short-Term Bullish Outlook for YZJ Shipbuilding SGD

Yangzijiang Shipbuilding SGD (YZJ Shipbldg SGD) has recently exhibited strong bullish momentum, catching the attention of technical analysts and investors alike. The stock has rallied over 9% since the last technical charting report was released on 30 May 2025, underscoring the positive shift in market sentiment.
Key technical indicators are pointing toward continued upside in the near term:

• Bollinger Bands: Both the upper and lower Bollinger Bands are trending upwards, indicating a strengthening bullish trend and suggesting the potential for further gains. The share price is currently poised for additional upside as the bands widen and elevate.
• MACD Indicator: A bullish crossover occurred recently, with the MACD line cutting above the signal line in early June. This technical event further validates the bullish bias and signals growing positive momentum for the stock.

Resistance and Support Levels (Short-Term):

• The immediate upside is seen as capped at S\$2.40, coinciding with the upper Bollinger Band and acting as a critical resistance level.
• Should momentum reverse, the S\$2.21 mark, defined by the trend low on 5 June 2025, serves as the key support to watch in the short term.

Medium-Term Bullish Trend Remains Intact

The medium-term technical outlook for YZJ Shipbldg SGD remains bullish. Weekly chart analysis since 2016 supports this view, as the stock has continued to form higher lows and maintain its upward trajectory.
Medium-Term Resistance and Support Levels:

• Medium-term resistance is set at S\$2.65. A breakout above this level could pave the way for further bullish activity.
• Support at S\$2.10 provides a cushion for any potential pullbacks, ensuring the medium-term trend remains well-supported.

Long-Term Outlook: Sideways Consolidation

Although the short- and medium-term trends are bullish, the long-term technical analysis, based on the monthly chart since 2010, suggests that YZJ Shipbldg SGD is currently in a sideways consolidation phase. The stock has been oscillating within a defined range, with neither bulls nor bears in clear control.
Long-Term Resistance and Support Levels:

• Long-term resistance stands at S\$2.73, marking the upper boundary of the sideways range.
• Support at S\$2.03 defines the lower end of the consolidation zone, providing a critical level for investors to monitor.

Key Technical Observations and Trading Insights

• YZJ Shipbldg SGD’s price action since late May 2025 has been characterized by robust upside, supported by classic technical signals such as rising Bollinger Bands and a positive MACD crossover.
• Short-term traders should monitor the S\$2.40 resistance and S\$2.21 support for potential breakout or pullback scenarios.
• Medium-term investors appear well-positioned, with the uptrend supported by higher support at S\$2.10 and a target resistance at S\$2.65.
• Long-term investors should be aware of the prevailing sideways pattern, and may wish to await a decisive move beyond S\$2.73 or below S\$2.03 for a clear trend direction.

Brokerage Details and Disclaimers

This analysis has been prepared by Lim & Tan Securities Pte Ltd, based on technical charting as of 10 June 2025. The research is intended for general circulation and does not take into account individual investment objectives or financial situations. Investors are encouraged to independently evaluate investments and seek advice from professional financial advisers before making investment decisions.
Lim & Tan Securities, its directors, employees, or connected persons may, from time to time, have positions in securities mentioned in this report. The research analysts responsible for this report have certified that their views are impartial and have not received any compensation for specific recommendations.

Conclusion: Bullish Opportunities Ahead for YZJ Shipbuilding SGD

Yangzijiang Shipbuilding SGD is presenting a compelling technical picture for short- and medium-term traders, with key indicators and price action favoring further upside. While the long-term outlook remains range-bound, the current environment supports a bullish stance in the near to medium term. Investors should remain vigilant of resistance and support levels, and monitor for any shifts in technical momentum as the stock navigates its current uptrend.