On Friday, Yangzijiang trend downwards and closed at $0.905 with LOW volume of 9.66 million shares traded.

A black candle stick with little upper/lower shadow affirms that investors have no hesitant in selling lower.

RSI & MACD are bearish as MACD perform a “death cross” recently.

Currently prices are resisted by 20/50 days MA.

Immediate Resistance of Yangzijiang: $0.975

Immediate Support of Yangzijiang: $0.885

Since 11/Oct, prices have been consolidating along the key support at $0.885 and key resistance at $0.975/$1.02.

The resistance at $0.975/$1.02 is expected to be strong.

If interested in the consolidation play of Yangzijiang, do consider to buy at the support at $0.885. Cut loss once breached with high volume.

On Friday, SGX re-test the resistance at $6.13 and closed at $6.04 with LOW volume of 2.16 million shares traded.

Separating lines occurred....