Since the last breakout at 0.81, YZJ shipbuilding has rallied further. The quick drop back to 0.80 this week is indication of further strength in the stock. After hitting 0.93 region, the previous gap at 0.98 will be the target.
The Baltic Dry Index is also recovering from the downtrend. Coupled with the strong performance in the Shanghai Market due to the Shen Zhen HK stock connect that is on the horizon, the positive atmosphere should allow YZJ to sail further down this uptrend current.
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