Shares of e-commerce company Yunji (NASDAQ:YJ) dropped on Monday due to an analyst downgrade from Morgan Stanley. The stock was previously up for 2020 after more than doubling in the past couple of weeks.30 Nov 2020
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Is YJ a good stock to buy?
Yunji Inc. finds support from accumulated volume at $0.63 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested. Our recommended stop-loss: $0.62 (-3.85%) (This stock has medium daily movements and this gives medium risk.
What does yunji company do?
Yunji Inc provides e-commerce services. The Company offers online consumer products such as beauty, personal care, digital items, toys, and other related goods.