Shares & Derivatives
Stock Chart: Yangzijiang, Genting SP!
By Dou  •  May 24, 2011

On Tuesday, Yangzijiang trend aimlessly and closed at $1.63 with LOW volume of 10.67 million shares traded.

A white candle stick with short upper shadow indicates little profit taking as prices went higher.

RSI & MACD are bearish though RSI in oversold region.

Immediate Resistance of Yangzijiang: $1.66

Immediate Support of Yangzijiang: $1.56

Currently prices are well below 20/50/100/200 days MA.

On 23/May, prices broke the critical support at $1.69 with high selling pressure. This is a very bearish signal.

The support turned resistance at $1.69 is expected to be very strong.

The immediate support is at $1.56 but do wait for any consolidations before entry and avoid buying near the resistance of $1.69.

On Tuesday, Genting SP re-test the resistance at $2.01 and closed at $2 with LOW volume of 68.95 million shares traded.

A white candle stick with ...

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By Dou
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