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.

Saturday, March 1, 2008

Yangzijiang 290208

Yangzijiang has continued to show weakness. It has even broke the low of 1.16 on 22 jan. I've done some housekeeping on the trendlines. I've added a short term downtrend channel (red --) which is quite steep.

Photobucket

Click here for the big picture.

Will we see Yangzijiang test its IPO price of 95 cents?

For monday :

Support @ 1.02 (mid red, low red --), 0.977 (low red), 0.943 (low pink)
Resistance @ 1.115 (upp red --), 1.226 (upp pink), 1.246 (upp red)

Good Luck !!
Posted by at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)