Yangzijiang: Some Selling Pressure Seen as Per SELL call issued in the morning !!

Now at 1.11 !! a rebound back again?

Sent: Wednesday, November 18, 2015 9:15 AM
Subject: ********** Yangzijiang: More weakness below 1.16... Short term trend still negative as of now. price 1.135

Following up from previous sell call, we have indeed seen a breakdown of the 1.15 support last week and it headed to a low of 1.13. Today we are experiencing some selling pressure again within the range from 1.13 to 1.16 for now. As long as 1.16 is a resistance, we can still see more downside on a move below 1.13 where it can approach the psychological 1.10 support level. 20 day MA line has started to turn downwards with MACD last just crossing below the zero mark. A further breakdown below 1.10 can pave the way to 1.05 where those looking to accumulate can start scaling in long positions for any rebound.

Sent: Thursday, November 12, 2015 9:45 AM
Subject: ************ Yangzijiang: Heading towards 1.15 next support...

Following up from previous call, we have indeed seen a move lower after the breakdown seen. May find some support around the 1.15 level where it may rebound briefly before continuing downtrend. Breaking down below 1.15 further can see a trade to next support at 1.10 so be cautious. Indicators still look weak for now with MACD starting to cross back below the negative region.