Check out the change in Market Caps - SG Shares Sell down afternoon earning;
- Trump Tariffs threat starts to slam counter: YZJ; Trump imposes an additional 10 per cent tariff on imports from China and press ahead with levies on Mexico and Canada from next week and scheduled to go into effect on 4 Mar
- Trump’s Cabinet meeting... support DOGE, cut spending [https://www.straitstimes.com/world/united-states/elon-musk-stars-at-trumps-first-cabinet-meeting]
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My commentaries
The political instability rock the stock market, and when it's hard to guess what will happen next... we must stick to the trading rules: don't catch the falling knife.
And I will discuss 1 -2 stocks every week... and today I would like to look at YZJ Shipbuilding: After YZJ earning announcement, it was sold down the next few days on news as follow: 24 Feb: Yangzijiang Financial reports FY2024 earnings of $304.6 million, up 51% y-o-y 25 Feb: USTR proposes charging Chinese ships up to $1.5 million to enter US ports
Short-term analysis As YZJ had broken down from the trend support 2.76, the next support is at 2.38, and immediate support at 2.29... and now the counter has entered into the oversold region. It may need to drop one or two more day before a rebound can happen at about 2.51 level.
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