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.

Sunday, March 30, 2008

Yangzijiang 280308

Yangzijiang broke the downtrend resistance (upp pink) today with volume. From the chart, you can also see Yangzijian also tested the 3 resistances today.

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If Yangzijiang continues to trade within the uptrend channel (blue), there is a chance Yangzijiang might break the 1.01 psychological resistance (red --) sometime next week.

For monday :

Support @ 0.9805 (upp red), 0.908 (upp pink, low blue), 0.795 (low pink)
Resistance @ 1.01 (red --), 1.025 (mid blue), 1.123 (upp blue)

Good Luck !!
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