On Monday, Yangzijiang broke the support at $1.165 and closed at $1.125 with HIGH volume of 18.5 million shares traded.

A falling window occurred (where the bottom of the previous shadow is above the top of the current shadow).  This usually implies a continuation of a bearish trend.  There have been 3 falling windows in the last 50 candles–this makes the current falling window even more bearish.

RSI & MACD are bearish though RSI in oversold region.

Currently prices are supported by 200 days MA.

Immediate Resistance of Yangzijiang: $1.165

Immediate Support of Yangzijiang: $1.085

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

In fact, the breached with $1.165 support affirms to the bearishness and more selling could be triggered ahead.

We would not suggest buying such ...