Yangzijiang: Attempting a breakout above 1.24 - 1.25 resistance ?

Are we seeing it happen? Now at 1.255

Sent: Thursday, 8 October, 2015 9:53 AM
Subject: ********** Yangzijiang: Approaching KEY 1.24 reistance again..... Upward momentum to continue above

Yangzijiang has traded in a volatile manner for about 2 months below the 1.24 resistance level and finally we are see it approach this level again after a strong rebound this week. Trend may still be down in the long term but for the short term we can still expect a move to 1.30 then 1.34 on a further breakout with 20 day MA line starting to reverse aggressively. Clearing of 1.24 – 1.25 would be a confirmation to watch. MACD momentum indicators has turned positive after a month with RSI also indicating strength.