IS IT breaking above 1.40 now again as mentioned to clients few days back ?
Sent: Tuesday, April 14, 2015 10:29 AM
Subject: ********************* Yangzijiang: Consolidation above new support level, uptrend intact, good to accumulate above 1.36 new support, price 1.39
Subject: ********************* Yangzijiang: Consolidation above new support level, uptrend intact, good to accumulate above 1.36 new support, price 1.39
Yangzijiang has touched the critical resistance at 1.40 today, Huge sellers at this level now and we may see it consolidate from 1.36 to 1.40 before an eventual breakout . Clearing above 1.40 – 1.405 can open the way to 1.50 in the short term. Raise stop loss to 1.385 on a further breakout and can consider averaging up to ride the upside further. Macd indicator still showing strong momentum with RSI also positive. As long as 1.35 – 1.36 holds the support now, we are positive and can accumulate on dips above this support for a rebound and then a further breakout.
Sent: Monday, April 13, 2015 10:30 AM
Subject: ********************* Yangzijiang: Consolidation above new support level, uptrend intact, good to accumulate above 1.35 new support, price 1.37
Subject: ********************* Yangzijiang: Consolidation above new support level, uptrend intact, good to accumulate above 1.35 new support, price 1.37
Still looking good above 1.35 support now, may test the 1.40 level in the next few days before consolidating from 1.35 to 1.40.
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