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, February 25, 2008

Yangzijiang 250208

Yangzijiang traded below the short term uptrend support (light blue --) last friday 22 feb. Today, we saw Yangzijiang breaking through the long term downtrend support (low red) but just managing to close on the support.

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Volume remains to be around the 30m level. Accumulation?

If Yangzijiang continues to trade within the downtrend channel (red) we might see it testing the 1.20 level very soon. Maybe even tomorrow or wednesday.

Watch for any breakout with volume.

For tomorrow :

Support @ 1.212 (low red), 1.157 (upp red --)
Resistance @ 1.302 (low light blue --), 1.311 (mid red), 1.387 (low blue), 1.40 (upp red)

Good Luck !!
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