Monday, January 18, 2016

Yangzijiang: A SERIES OF SELL CALLS....... Target at 0.900 hit today.... question is...?

Can downtrend continue below….. where to now? Price 0.885, ride cfd sell further?

Sent: Thursday, January 14, 2016 9:06 AM
Subject: *********** Yangzijiang: Heading towards the 0.900 level, more sell down before a rebound likely... price 0.94
From yesteday’s sell call, we have indeed some a quick sell down further towards the 0.900 target level. May start to see some bargain hunting from that level or any temp technical rebound as short covering occurs. Those who already have short positions can consider covering back by scaling near 0.900 level. May see a lower range from 0.90 to 0.95 now before a clearer but still a negative below the 1.00 key support turned RESISTACE now. Lower buy stop loss to protect profits for short positions.

Sent: Wednesday, January 13, 2016 1:18 PM
Subject: *********** Yangzijiang: Breakdown below 1.00 key psychological support, bearish shor term.. price 0.98
From previous note, we have indeed seen a breakdown below the CRITICAL 1.00 psychological support level. Note that this is not a good sign with it breaking its 2 year low now. As long as 1.00 is a new resistance, we can expect some selling pressure with target to 0.94 then 0.90 first as mentioned last week. CFD SELL can be used to ride the weakness on today’s move with above average volume seen on this breakdown. Indicators are starting to reverse down on today’s price action too with MACD pulling further below the negative zone.

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