On Friday, Yangzijiang re-test the support at $1.225 and closed at $1.235 with LOW volume of 10.35 million shares traded.

Separating lines occurred. If the separating lines occur during a downtrend and the first line is white and the second is black then this suggests that the downtrend should continue.

RSI & MACD are flat as MACD lines converge together.

Currently prices are resisted by 20/50 days MA at $1.31

Immediate Resistance of Yangzijiang: $1.31

Immediate Support of Yangzijiang: $1.225

Since Mar 2012, prices have been falling forming a lower higher and lower low. This is a bearish signal.

The support at $1.225 is expected to be strong.

We would not suggest buying now due to the bearish trend. In fact, sell once $1.225 support breached with high volume.

Stock Chart: Yangzijiang! is contributed by : Singapore Stock Information Exchange