This stock has been tanking down since the news of its executive chairman has been involved in a investigation by the governmental authorities. From the daily chart, buyers are coming into YZJ, pushing the stock from 15 Aug to 19 Aug. This is a trap for the retail trader to chase YZJ. Based on the hourly chart, sellers are slowly transiting into buyers. We might see YZJ going on a higher high with a trap set at around $1.06 before moving higher. Cut loss at $0.95
Commentaire:
We have seen a strong support from buyers in the hourly chart. YZJ reaching 1.06 soon. There might be some selling at 1.06 before moving up.