Thursday, May 14, 2015

Yangzijiang: Rebounding from support over the past few days as PER CALL issued last week. price 1.49 now

CAN it cross above the 1.50 now?  Some have already profited from recent rebound though….. Let’s watch !

Sent: Thursday, May 07, 2015 9:23 AM
Subject: ********************* Yangzijiang: rebouding from consolidation support, price 1.445
From previous rebound call, Yangzijiang has indeed maintained above the 1.40 – 1.42 immediate support that seems to be holding really well. That level is also the where the 20 day ma line can lend some support too. Resistance to expect would be the 2 weeks high which is around the 1.47 – 1.50 level. Can consider trading the range with stop loss below 1.40 for a potential breakout above 1.50 critically further that can open the way to 1.60 fast. Longer term 100 and 200 day MA trend line still pointing upwards firmly.

Sent: Monday, May 04, 2015 10:49 AM
Subject: **************** Yangzijiang: Back to support at 1.42.... May rebound from here to continue uptrend, price 1.435
Yangzijiang has retraced back to 1.42 support level which has been holding for more than 2 weeks. Range is currently from 1.42 to 1.48 and may continue within this range as market consolidate for a while. As long as 1.40 – 1.42  holds as the immediate support level, there can still be more opportunity for a rebound back to 1.48 then 1.50 for a potential breakout. 20 DAY ma line still sloping upwards firmly with longer term trend still positive. Possible to accumulate above 1.42 with stop loss below 1.40.

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