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, March 17, 2008

Yangzijiang 170308

Yangzijiang first broke the downtrend support (low pink) on 13 mar. Today it opened below the support (low pink) and only managed to touch it, before closing below it.

Photobucket (Please note that the volume is wrongly indicated)

Yangzijiang is now trading within the downtrend channel (red --). If it breaks the channel's support (low red --), we might see it testing the 0.700 level.

As it is now, there is a higher chance now that Yangzijiang will test the 0.800 level very soon.

For tomorrow :

Support @ 0.800, 0.760 (low red --), 0.702 (low red)
Resistance @ 0.850 (upp red --), 0.857 (low pink), 0.870 (upp red), 0.970 (upp pink)

Good Luck !!
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