Although Yangzijiang did not open at or above 0.950 on 22 apr, it still managed to recover and break the uptrend resistance (upp blue).
Yangzijiang broke the 1.01 resistance level (red --) with volume today. It also tested the uptrend resistance (upp light blue) and closed right on another uptrend resistance (low green).
Next immediate resistance can be seen at the 1.05 level (pink --). If Yangzijiang can open tomorrow at 1.01 or higher, and break the uptrend resistance (low green), there's a high chance we might see Yangzijiang testing the 1.05 resistance level soon.
For tomorrow :
Support @ 1.01 (red --), 0.989 (upp blue), 0.978 (low light blue)
Resistance @ 1.025 (low green), 1.05 (pink --), 1.06 (upp light blue), 1.07 (mid green), 1.14 (29 feb high)
Good Luck !!
Wednesday, April 23, 2008
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