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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 23, 2008

Yangzijiang 230408

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).

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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 !!

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