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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.

Sunday, February 3, 2008

Yangzijiang 010208

Yangzijiang couldn't maintain its uptrend momentum and traded below the long term downtrend support (low red) for the past 2 days.

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I've added a new short term uptrend support (low blue). If Yangzijiang can trade within this channel (blue), we should see it testing the resistance at 1.40 (upp blue converge with mid red).

For monday:

Support @ 1.247 (low blue), 1.219 (upp pink), 1.166 (upp red --), 1.138 (mid pink)
Resistance @ 1.281 (low red), 1.355 (upp blue), 1.448 (mid red)

Good Luck !!
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