Monday, April 13, 2015

Yangzijiang: A series of Buy accumulate calls as a breakout above 1.30 seen last week..... now 1.375 !

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Sent: Friday, April 10, 2015 4:06 PM
Subject: ********************** Yangzijiang: Consolidation above new support level, uptrend intact, good to accumulate above 1.35 new support, price 1.355
As mentioned yesterday, Yangzijiang has broken above the 1.35 immediate resistance level. There can be more upside to 1.40 now. Raise stop loss to 1.34 to protect profits now. J Uptrend still intact and momentum seen as it finds a new high. Poised for more upside still as long as it stays above 1.34 – 1.35 now.

Sent: Thursday, April 09, 2015 10:12 AM
Subject: ******************** Yangzijiang: Consolidation above new support leve, uptrend intact, good to accumulate above 1.30, price 1.34
Following up from previous call, Yangzijiang has indeed trader higher over the past 2 days and found a temp resistance around the 1.34 level. Note that there can still be more upside if it crosses above the 1.34 – 1.35 resistance level as it head towards 1.40 as mentioned in previous targets. Has convincingly broken out above the consolidation phase that has formed since Jan. As long 1.30 is the support now, we are positive with the uptrend intact. Note that 20 da7 MA line has reversed upwards and is currently above both longer term MA line positively, this can signal a strong upwards trend from here.

Sent: Tuesday, April 07, 2015 9:11 AM
Subject: ********************* Breakout Spotted: Yangzijiang: Cleared the psychological resistance at 1.30, price 1.305
Breakout seen above 1.30 convincingly today on top 10 volume. This can open the way to more upside as mentioned last week. Trading buy call. Stop loss at 1.285 and entry above 1.30 to ride the upside further to 1.40 then 1.46.  J

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