Shares & Derivatives
Stock Chart: Yangzijiang, Cosco!
By Dou  •  June 26, 2011

On Friday, Yangzijiang rebound from the support of $1.39 and closed at $1.46 with HIGH volume of 28.14 million shares traded.

A white candle stick with short lower shadow affirms that investors are bullish on the stock and willing to buy up.

RSI & MACD are bullish as RSI perform a strong tick upwards.

Immediate Resistance of Yangzijiang: $1.51

Immediate Support of Yangzijiang: $1.39

Currently prices are resisted by 20 days MA at $1.51.

Prices have managed to rebound on Friday on news of clinching new contracts.

The resistance at $1.51 is expected to be very strong.

Do watch if prices will pullback to $1.39 support for entry since it is a good entry prices.

On Friday, Cosco broke the minor resistance at $1.90 and closed at $1.94 with HIGH volume of 20.12 million shares traded.

A white candle ...

...
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By Dou
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