Monday, March 10, 2014

Trading Sell: Yangzijiang. Price 1.09. ( Key support broken) - CFD SELL ONLY

Yangzijiang has broken down the psychological support at 1.10 today finally after staying above it since Oct 2013…. Break down on stronger than normal volume seen currently (Top 10 volume). CFD SELL trade opportunity triggered. Downside to 1.05 first which also coincides with the 200 DAY Long term MA. A break below 1.05 can see it trade to 1.00 then 0.97. Bearish head and shoulder pattern can be seen with break of neck line support at 1.10.
Buy Stop at 1.125

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