Friday, September 27, 2013

********* Trading BUY: Yangzijiang. Share price 1.14. ( Rebounding to 1.20 possible ! )

Yangzijiang has consolidated from 1.05 to 1.13 for about 2 weeks and today we have seen a breakup of the recent 1.13 high on pretty strong Volume. As long as 1.10 stays as a new psychological support level, more upside can be possible to 1.20 then 1.25. Note that 1.32 was the high set in March last year 2012. May continue to see strength on strong analyst coverage. Not really for contra, to hold and ride any gains due to eventual rebound. Top 20 volume seen currently on breakout.
Stop loss at 1.09
 
 
 

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