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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.

Saturday, May 31, 2008

Yangzijiang 300508

After breaking the 0.985 support (blue ...) on 28 may, the next support for Yangzijiang, based on volume distribution, would be around the 0.965 level (pink --).

The 1.15 neckline (pink ...) now seems far away. If Yangzijiang breaks the 0.965 support (pink --), we might even see it testing the 0.935 support (blue --).

We would probably see Yangzijiang trading sideways for the time being, between the 0.965 support (pink --), and 0.985 resistance (blue ...).

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For monday :

Support @ 0.968 (low green), 0.965 (pink --), 0.935 (blue --), 0.932 (low red)
Resistance @ 0.980 (mid red), 0.985 (blue ...), 1.00 (upp green), 1.01 (red --), 1.02 (upp red)

Good Luck !!
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