Yangzijiang: A series of SELL CALLS - Broke the temp support level as mentioned last week.....

Now at 1.245, heading towards 1.20?

Sent: Tuesday, July 28, 2015 10:46 AM
Subject: ********** Yangzijiang: Breakdown seen below 1.30 psychological support, price 1.29

Following up from previous sell call, we have seen Yangzijiang hit our downside target at 1.30 and over the past 3 weeks have traded above the new found support at 1.30. However, today, we have seen a further sell down below this support level which can open the way to more weakness to 1.26 – 1.27 level. There can be more downside if this support does not hold too with the 20 day MA LINE crossing below the 100 day MA line as highlighted which can signal a downward trend reversal in formation. CFD SELL below 1.27 can be used with target at 1.20 first where we may see some support like we have seen in Jan and Feb this year.

Sent: Wednesday, July 08, 2015 5:22 PM
Subject: ************* Yangzijiang: Breakdown seen below 1.38 level. Cautious, closed at 1.35

Yangzijiang has broken the 1.38 – 1.385 support level that has been holding for more than 2 months and forming a bearish rounding top in the process. At current levels, it has also just traded below the 100 day MA line and this may signal a reversal in trends. Temp support would be at 1.34 for now, and more downside to 1.30 before we see any technical rebound. Those looking to accumulate on dips can consider some near 1.30 psychological support which should hold baring more market sell down. But for now, cautious any long positions with cfd sell TO RIDE THE downside too below 1.38.