On Monday, Yangzijiang re-test the support at $0.935 and closed at $0.94 with HIGH volume of 9.3 million shares traded.

RSI & MACD are flat as RSI trend sideways.

Immediate Resistance of Yangzijiang: $0.96

Immediate Support of Yangzijiang: $0.935

Currently prices are supported by the 20 days MA at $0.935.

For the past 8 trading sessions, prices have been consolidating between the support of $0.935 and resistance of $0.96.

The support at $0.935 is expected to be strong.

We do not suggest to buy this stock for long term investment since prices have been trending downwards forming a lower high and lower low since Feb2013.

Important News

Singapore Technologies Engineering Ltd. (S63.SG) reported flat 1Q net profit at S$134 million compared with S$134.4 million a year earlier.

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