Can the 1.20 psychological support hold now?
Sent: Tuesday, August 11, 2015 9:39 AM
Subject: ********* Yangzijiang: More weakness seen below 1.25 - 1.26 new resistance
Subject: ********* Yangzijiang: More weakness seen below 1.25 - 1.26 new resistance
Have broken the temp 1.24 support today further, more downside with 1.23 – 1.235 buyers clearing out too with target to 1.20 as mentioned last week. CFD SELL can be used to ride any weakness below 1.26 from here.
Sent: Thursday, August 06, 2015 9:21 AM
Subject: ********* Yangzijiang: Still hovering above 1.25 - 1.26 support dangerously. price 1.26
Subject: ********* Yangzijiang: Still hovering above 1.25 - 1.26 support dangerously. price 1.26
Following up from last week sell call, we have still continue to see weakness in Yangzijiang as it trades back down to test the support at 1.25 -1.26 again. Note that any breaking below the 1.25 – 1.26 support can see more weakness towards to 1.20 psychological level. 20 DAY MA line still sloping downwards and on the verge of crossing below the longer term 200 day MA line which can signal that the downtrend is forming. CFD SELL on a further breakdown below 1.25.
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