Disclaimer

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 14, 2008

Yangzijiang 140108

Yangzijiang failed to hold onto the downtrend support (lower red dashed) and almost broke through the 2nd downtrend channel (pink dashed).

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The next few days will be critical. If Yangzijiang breaks through the long term uptrend support (green), we may see it testing the 1.36 level, which was the low for 17 aug.

For tomorrow :

Support @ 1.535 (lower pink dashed), 1.4909 (green)
Resistance @ 1.6077 (upper pink dashed), 1.6674 (lower red dashed), 1.6985 (lower red)

Good Luck !!
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