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.

Sunday, January 20, 2008

Yangzijiang 180108

Yangzijiang seemed to have found temporary support (upp red) @ about the 1.39 - 1.40 level. However, it is still considered on the downtrend as it is currently trading below the long term uptrend support (green).

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I've added a short term uptrend channel. If Yangzijiang can trade within this channel for next week, we may see it finding support above the uptrend support (green).

There may even be a chance for Yangzijiang to break above the long term downtrend resistance (red - -) at the end of next week.

For monday :

Support @ 1.445 (low blue - -), 1.407 (low red - -), 1.323 (upp red)
Resistance @ 1.494 (green), 1.572 (upp blue - -)

Good Luck !!
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