On Friday, Yangzijiang retest the resistance at $1.95 and closed at $1.90 with HIGH volume of 20.57 million shares traded. A long upper shadow occurred.  This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought). RSI & MACD are bearish as MACD line began to converge together. Immediate Resistance of Yangzijiang: $1.95 Immediate Support of Yangzijiang: $1.86 Currently prices are supported by 20/50 days MA. On Friday, Yangzijiang failed another attempt to break the major resistance at $1.95 with high trading volume. The end result is the formation of a bearish candle stick with long upper shadow to affirm profit taking. We would advise not to enter now since prices are forming a falling channel. As long as the $1.95 resistance is not broken at high volume, it ......