YZJ Fin Holding - 31 Jan 2025

What does this stock chart says?

Trend Analysis

1. Overall Structure:

   • The stock experienced a downtrend from mid-2022 to mid-2023, marked by a series of lower highs and lower lows.
   • From mid-2023 onward, higher lows and higher highs started forming, signaling a potential trend reversal.

2. Recent Breakout:

   • The price recently broke above key resistance levels (~0.410 & 0.445 SGD) with strong bullish momentum.
   • The next potential resistance zone is around 0.545 SGD (previous swing high).

Support & Resistance Levels

• Support:
  • 0.395 - 0.410 SGD → Recent breakout zone (could act as new support).
  • 0.370 - 0.375 SGD → Previous consolidation range.
• Resistance:
  • 0.545 SGD → Major supply zone (previous high).
  • 0.700 SGD → Psychological resistance level.

Candlestick Patterns & Market Sentiment

• Accumulation Phase: Price consolidated in a range (0.310 - 0.370 SGD) for months before breaking out.
• Bullish Confirmation: The breakout above 0.445 SGD was accompanied by strong upward momentum.

Trading Strategy Based on Price Action

1. Pullback Buy: If the price retests 0.410 - 0.445 SGD and forms bullish rejection candles, it could present a buying opportunity.
2. Breakout Play: If the stock closes above 0.545 SGD with strong volume, it could signal further upside.
3. Risk Management: A stop-loss below 0.395 SGD to manage downside risk.

Dividend Yield   4.84%

Daily Chart