Can it touched our target at 1.20 eventually? Congrats to those who managed to lock in some on breakout….. or accumulated previously…..
Sent: Friday, September 04, 2015 9:22 AM
Subject: ******* Yangzijiang: Resistance at 1.10- 1.11 for now, price 1.095, more upside still likely above.
Subject: ******* Yangzijiang: Resistance at 1.10- 1.11 for now, price 1.095, more upside still likely above.
Yangzijiang has still traded within the 1.06 to 1.10 range over the past few days. Today we have seen some actions again on strong top 10 volume as it attempts to stage a breakout again on a positive news. It has been announced that it will be included in the STI constituents list from 21st September. This will likely see STI following funds adding it to their portfolio in order to track the index better. Resistance at 1.10 – 1.11 is key for more upside. More confirmation only if 1.11 – 1.115 clears out as well with target to 1.15 then 1.20. 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.
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