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May 31, 2010.

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Friday, May 21, 2010

Yangzijiang - Critical Support Broken!

Yanzijiang has broken a key support level at $1.26 to $1.28. This support is a combination of the up trend support, previous double tops resistance and 50D MA. If Yangzijiang cannot get back and moves above the uptrend support level in the next few days, that indicates the end of the up trend. Next strong support is at $1.14 which is the previous neckline of the double tops and 200D MA. Short term down side risk is about 10% base on the current market sentiment.


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