Yangzijiang 050308

Yangzijiang finally broke through the IPO price of 0.950 today. There was some hope of a break out initially as Yangzijiang opened above the long term downtrend resistance (upp red ...).



Then it was downhill all the way and Yangzijiang even momentarily broke 2 support trendlines (low pink, low red --), but still managed to close right on the short term downtrend support (low red --).

Watch for break outs with volume.

For tomorrow :

Support @ 0.922 (low pink), 0.903 (low red --), 0.884 (low red ...)
Resistance @ 0.975 (upp red ...), 1.004 (upp red --)