On Friday, Yangzijiang re-test the resistance of $1.59 and closed at $1.57 with regular volume of 15.59 million shares traded.

A black candle stick with long upper/lower shadow similar to Doji indicates the indecision of the market.

RSI & MACD are bearish though RSI in oversold region.

Immediate Resistance of Yangzijiang: $1.59

Immediate Support of Yangzijiang: $1.53

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 and have triggered selling pressure to force the price to re-test the support at $1.53.

The support at $1.59/$1.53 is minor support and may not be able to hold onto the prices.

The immediate major support will be at $1.50. Watch for any consolidation at that level if interested.

On Friday, Wilmar re-test the support at ...