Monday, August 31, 2015

Yangzijiang: Rebounding from near 1.00 last week... are we seeing a further breakout above 1.10 as mentioned this morning again.... Price 1.11

Let’s see, congrats to those who managed to buy on dips last week for the rebound...

Sent: Monday, 31 August, 2015 9:32 AM
Subject: ******* Yangzijiang: Resistance at 1.10 for now, price 1.09, more upside still likely above.
Yangzijiang has managed to stage a rebound from the 1.00 level last week back to the 1.10 original support turned resistance level which it has broke down from previously. Range would now be from 1.06 to 1.10 and a further breakout above 1.10 can also see it trade higher to recover some lost ground to 1.15 then 1.20 in the short term. Trend in the mid to long term may still be weak so do take profit along the way on a further breakout towards 1.20.


Sent: Wednesday, August 26, 2015 9:40 AM
Subject: ******** Yangzijiang: Nearing 1.00 support level, potential breakdown, CFD SELL if it happens, cautious long, price 1.025
Following up from previous few sell calls, we are seeing Yangzijiang slowly heading towards the critical 1.00 psychological support level. Note that this 1.00 level is key to STEM FURTHER DOWNSIDE. Any clear breakdown below this support can pave the way lower to 0.900 fast too so cautious any long positions especially with general market still weak. Those looking for a temp quick technical rebound can consider buying on dips near 1.00 but don be greedy and cut loss if support breaks, note levels. CFD SELL can be used to ride the downside further on a breakdown with downtrend still intact and 100 day MA LINE has started to turn downwards already.

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