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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.

Wednesday, April 2, 2008

Yangzijiang 020408

Yangzijiang broke the 1.01 psychological resistance (red --) today. It also broke the long term downtrend resistance (upp red). Yangzijiang just about managed to stay above the downtrend resistance (mid pink).

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It remains to be seen if there is any follow through for Yangzijiang tomorrow. If Yangzijiang continues to trade within the uptrend channel (blue), we might see it testing the next resistance level which could be around the 1.20 level.

For tomorrow :

Support @ 1.01 (mid pink, red --), 0.9755 (low blue), 0.952 (upp red)
Resistance @ 1.09 (mid blue), 1.18 (upp blue)
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