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.

Thursday, March 6, 2008

Yangzijiang 060308

Although Yangzijiang is still trading within the downtrend channel (red --), it managed to trade above the 2 downtrend supports (low pink, low red ...) today.

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We may see Yangzijiang bottoming off around the 0.90 level first before attempting to reverse the current downtrend.

For tomorrow :

Support @ 0.913 (low pink), 0.907 (low red ...), 0.861 (low red --)
Resistance @ 0.965 (upp red --), 0.9893 (upp red ...), 1.05 (mid pink)

Good Luck !!
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