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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.

Monday, May 5, 2008

Yangzijiang 050508

Yangzijiang broke out of the long term downtrend resistance (upp red) and 1.08 resistance (green --) last friday 02 may.

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Today, Yangzijiang opened right on the uptrend resistance (upp green) and almost tested the short term uptrend resistance (upp light blue) before closing on the 1.15 resistance (pink --).

Looking at the volume distribution bars on the left, you can see that the next significance resistance starts from 1.20 till about 1.50 before the volume gets lesser. The next neckline also looks to be around the 1.20 level.

For tomorrow :

Support @ 1.12 (upp green), 1.10 (low light blue), 1.08 (green --), 1.06 (mid green), 1.03 (upp red)

Resistance @ 1.15 (pink --), 1.17 (blue), 1.18 (upp light blue)

Good Luck !!
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