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.

Thursday, April 24, 2008

Yangzijiang 240408

Yangzijiang broke the 1.05 resistance level (pink --) with volume today. It also broke 2 uptrend resistance (mid light blue, upp green) but only managed to close above one of them (mid light blue).

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Immediate resistance can be seen at 1.14, which is the high on 29 feb, where Yangzijiang tumbled down from.

If Yangzijiang can open above the uptrend resistance (upp green), there's a high chance we might see it testing the 1.14 resistance.

Or we might see Yangzijiang retreating to the 1.05 level if the support (mid light blue) doesn't hold.

For tomorrow :

Support @ 1.078 (mid light blue), 1.05 (pink --), 1.03 (mid green), 1.01 (red --), 1.00 (low light blue),
Resistance @ 1.094 (upp green), 1.14 (blue), 1.15 (upp light blue)

Good Luck !!
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