On Monday, Yangzijiang re-test the 200 days MA and closed at $0.94 with LOW volume of 5.97 million shares traded.

RSI & MACD are bearish as RSI trend downwards.

Immediate Resistance of Yangzijiang: $0.965

Immediate Support of Yangzijiang: $0.92

Currently prices are supported by 200 days MA.

Since 24/Jul, prices have consolidating between the support at $0.92 and resistance at $0.965.

The support at $0.92 is expected to be strong.

If interested, do consider entry at $0.92 since bulls will guard there strongly. Cut loss once $0.92 support breached with high volume.

Important News

Indonesian billionaire Anthoni Salim is offering to buy most of the outstanding shares in China Minzhong Food Corp. (K2N.SG). PT Indofood Sukses Makmur (INDF.JK), which is controlled by Mr. Salim’s family, has offered to buy shares of China Minzhong that it doesn’t already own at ...