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Stock Chart: Yangzijiang, STX OSV!
By Dou  •  November 2, 2011

On Wednesday, Yangzijiang re-test the resistance at $0.975 and closed at $0.97 with LOW volume of 24.86 million shares traded.

A white candle sticks with short lower shadow affirms that investors have no hesitant in buying the stock higher.

RSI & MACD are bullish as RSI trend upwards.

Immediate Resistance of Yangzijiang: $0.975

Immediate Support of Yangzijiang: $0.77

Currently prices are resisted by 50 days MA at $0.975.

Yangzijiang seems to be having issues maintaining above the $0.975 resistance level. Moreover the interests from the investors are low as affirm from the low trading volume.

The resistance at $0.975 is expected to be strong.

Due to the long term bearish trend, we would not suggest any one to buy this stock. If really interested, watch for any breakout of the resistance at $0.975 as it is a bullish signal.

On Wednesday, ...

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By Dou
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