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, April 20, 2008

Yangzijiang 180408

Yangzijiang has been on the downtrend ever since it broke the 1.01 support on 9 apr. Looking at the chart, Yangzijiang could be forming a double-bottom.

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We will have to see if Yangzijiang reverses it downtrend next week to confirm the formation of the double-bottom.

If Yangzijiang breaks the support (low blue), we might see it testing the 0.850 level.

For monday :

Support @ 0.895 (low blue), 0.852 (mid red), 0.803 (low red)
Resistance @ 0.910 (upp red), 0.925 (mid blue), 0.965 (upp blue)

Good Luck !!
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