Yangzijiang 150208

As discussed on 6 feb, Yangzijiang was trading largely within the downtrend channel (red --) until 14 feb, when it broke above the downtrend resistance (upp red --) with volume. It closed right on the long term downtrend support (low red).



The next day, we saw Yangzijiang trading within the short term uptrend channel (blue) which I added on 1 feb. I've also added another short term uptrend channel (light blue). If Yangzijiang can maintain within these 2 uptrend channels (blue, light blue) this week, we could well see it testing the neckline of 1.47 (21, 25 jan high)

For monday :

Support @ 1.33 (low blue, low light blue), 1.314 (low red), 1.26 (upp red --)
Resistance @ 1.439 (upp blue), 1.453 (upp light blue), 1.47 (neckline), 1.50 (upp red)

Good Luck !!