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Stock Chart: Yangzijiang!
By Dou  •  July 8, 2012

On Friday, Yangzijiang broken the resistance at $1.075 and closed at $1.09 with HIGH volume of 33.05 million shares traded.

During the past 10 bars, there have been 6 white candles and 2 black candles for a net of 4 white candles.  During the past 50 bars, there have been 23 white candles and 22 black candles for a net of 1 white candles.

RSI & MACD are bullish as RSI trend upwards.

Currently prices are well supported by 200 days MA at $1.075.

Immediate Resistance of Yangzijiang: $1.14

Immediate Support of Yangzijiang: $1.075

The prices have broken the critical resistance with high buying pressure on Friday and this is a bullish signal.

The support at $1.075 is expected to be strong.

Too late to buy now if did not buy on breakout. But prepare to take profit especially when prices approach ...

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By Dou
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