YZJ Shipbldg SGD    Last:2.18    +0.12

Yangzijiang Chart Updates

Looks like cosco is going for upgrade soon...

 

This latest news?
Counter turning RED

ruanlai      ( Date: 19-Dec-2012 15:37) Posted: COSCO Total Contracts won for 2012 till to dates are US$1205Millions

 

COSCO Total Contracts won for 2012 till to dates are US$1205Millions

 

It looks quite normal for the uptrent as the volume is diminishing from the breakup of 0.965 which is 12.6M, yesterday 7.18M, today almost half day pass only 2.9M, thus today volume also dimishing, thus should be able to see $1 soon.

 

What is fiscal cliff when the DOW is going up and up. The debt generate by the US treasury for saving the company is receiving their fruits now..

 

Stressed of fiscal cliff ?

neo8180      ( Date: 19-Dec-2012 09:50) Posted: i'm feeling ppl r taking this chance to offload, how come can end flat while DOW so bullish!

 

i'm feeling ppl r taking this chance to offload, how come can end flat while DOW so bullish!

 

by next week can reach   $1...?

 

The top fit line resistance have continue to reduce to around 0.98~0.985, the horizontal resistance of 0.965 have just break yesterday, making the new horizontal resistance line to be 1.055.

As mention in previous post, the best-fit line resistance have already break, thus the propability of this counter going to long terms up trend is high.

 

YJZ going up to test $1 soon.

 

Cosco, I did not vest, as it performance is not really consistantly improving.

	31/12/11	31/12/10	31/12/09	31/12/08	31/12/07	31/12/06
	SGD(m)	SGD(m)	SGD(m)	SGD(m)	SGD(m)	SGD(m)
Total Revenue	4,162.92	3,861.44	2,899.00	3,476.01	2,261.70	1,215.47
Net Income Before Taxes	287.56	401.85	178.55	451.39	498.07	302.3
Net Income	139.67	248.84	110.08	302.59	336.57	205.35
Diluted Normalized EPS	0.06	0.11	0.05	0.14	0.15	0.08

 

COSCO SECURES CONTRACT VALUED OVER USD370 MILLION FOR ONE (1) UNIT FPSO The Board of Directors of COSCO Corporation (Singapore) Limited (the “Company”) is pleased to announce that COSCO Nantong Shipyard Co. Ltd., a subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard Group Co. Ltd., has secured a contract valued over USD370 million from a European company to build one (1) FPSO. The FPSO will measure 78 meters in diameter, 32 meters high and will have a storage capacity of up to 400,000 barrels of oil. The FPSO is scheduled for delivery in June 2015.

 

Vest in this also, as the highest price for this counter is $2.76 in 2007. And the financial result is also consistance and continue to improved. Although for this year it only have 9M result release the annual report which is supposed to release next year will be expecting consistance with the pass few years which is increasing. The charting also show the breaking, and reversal is expected. Thus vest for long terms as expected to see true value in long terms.

 

Yangzijiang	9M2012	31/12/11	31/12/10	31/12/09	31/12/08	31/12/07	31/12/06
	CNY(m)	CNY(m)	CNY(m)	CNY(m)	CNY(m)	CNY(m)	CNY(m)
Total Revenue	11,235.79	15,705.83	13,558.18	10,623.64	7,359.10	3,855.49	2,324.98
Net Income Before Taxes	3,434.18	4,998.48	3,629.41	2,549.55	1,699.86	990.42	518.86
Net Income	2,747.68	3,976.60	2,955.34	2,289.95	1,579.76	869.51	454.34
Diluted Normalized EPS	0.72	1.17	0.8	0.63	0.45	0.28	0.14

 

If base on best fit line it has already break, if base on top point then it is near to breaking.

 

This stock has been on a uptrend steadily.

 

For my chart the short terms resistance is already break, only the long terms one remainding which is at around $1.

 

hit tact can you check out sarin technology's chart? i am thinking of vesting some. thanks   man.

tact888      ( Date: 13-Dec-2012 01:21) Posted: Yangzijiang Testing Major Downtrend Resistance Failure to breakout upwards and stay above red bold major resistance line will probably end this latest upswing. This will be the fourth attempt to clear this major red bold resistance barrier. Success will propel price forward within the blue channel. Failure means the creation of a new down swing. View chart at http://tactcharts.blogspot.sg/

 

Yangzijiang Testing Major Downtrend Resistance

Failure to breakout upwards and stay above red bold major resistance line will probably end this latest upswing. This will be the fourth attempt to clear this major red bold resistance barrier.

Success will propel price forward within the blue channel. Failure means the creation of a new down swing.

View chart at http://tactcharts.blogspot.sg/

 

 

On Friday, Yangzijiang re-test the resistance at $1.74 and closed at $1.71 with regular volume of 18.81 million shares traded.

A long upper shadow occurred. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).

Separating lines occurred If the separating lines occur during a downtrend and the first line is white and the second is black then this suggests that the downtrend should continue.

RSI & MACD are bearish as RSI near to oversold region.

Immediate Resistance of Yangzijiang: $1.74

Immediate Support of Yangzijiang: $1.69

Currently prices are well below 20/50/100/200 days MA.

On 3/May, prices broken though the support of $1.79 with high selling pressure and triggered more pullback.

Prices re-tested the critical support at $1.69 in last week and rebound to re-test the minor resistance at $1.74 on Friday but failed.

The support at $1.69 is expected to be very strong thus do consider that as entry prices if the consolidation continue in the coming week.

 

Yangzijiang price hit top of Bollinger Band - Resistance

Expected short term profit taking.