Yangzijiang

On 2 june when YZJ was at 1.29 this blog said that Yzj could have peaked and correct to 1.21. Today it has broke its crucial support at 1.20 and is poised to go lower to its next target 1.14 and 1.08. Yzj builds bulk carriers, commodities prices has been coming down after an promising rebound in the 1st qtr of the year. Prospect of more orders for bulk carrier and container ships looks bleak as ship owners cuts capex..

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