On Friday, Yangzijiang broke the support at $1.99 and closed at $1.97 with HIGH volume of 20.88 million shares traded.

A black candle stick with upper/lower shadow affirms that there are some buying pressures despite bears trying to sell this stock down.

RSI & MACD are bearish as MACD lines perform a “cross down” on Friday.

Immediate Resistance of Yangzijiang: $1.99

Immediate Support of Yangzijiang: $1.95

Currently prices are resisted by 200 days MA at $1.99

Despite the recent selling down, prices remain trending upwards inside the rising channel.

We would not advise to buy now since the prices are not really a “good buy” yet and we suspect more selling pressure may be coming.

Watch if Yangzijiang can pullback to $1.86 support if possible for better entry prices.

On Friday, Genting SP re-tests the support at $2.15 and closed at $2....