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Disclaimer:-Please note that all such analysis is provided by way of information only. All of the information was and should be taken as having been prepared for the purpose of reference only and that none were made with regard to any specific investment objective, financial situation or the needs of any particular person who may receive the analysis. Any recommendation or advice that may be expressed in or inferred from such analysis therefore does not take into account and may not be suitable for your investment objective.

Monday, January 7, 2008

Yangzijiang 070108

Yangzijiang closed right on the long term downtrend line (red - which I added in on 2 jan) @ 1.89 today. I've also added a pair of downtrend channel (black) which follows the downtrend more closely.

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If it doesn't break above the 2 downtrend channels (red, black), we may see Yangzijiang testing the recent lows of 1.86 again in the next few days.

For tomorrow :

Support @ 1.8725 (red), 1.8541 (black), 1.8449 (lower red dotted)
Resistance @ 1.9165 (black), 1.9679 (upper red dotted)

Good Luck !!
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