Yangzijiang (technical)

Yangzijiang: UOBK Technicals rates at Buy with TP $1.40 should the stock be able to continue its rebound from its 50- and 200-day EMA and close above $1.18 in the trading sessions ahead. MACD indicator appears to hook up above its centerline, which could be coupled with a rising +DI. Protective stops could be placed at $1.07. UOBK institutional research has a fundamental BUY with TP $1.39.