Yangzijiang

 

On Monday, Yangzijiang broke the critical support at $1.10 and closed at $1.095 with HIGH volume of 0.121 billion shares traded.

RSI & MACD are bearish as RSI trend downwards.

Immediate Resistance of Yangzijiang: $1.10

Immediate Support of Yangzijiang: $1.04

Currently prices are well above the 20/50/100/200 days MA.

Prices broke the critical support at $1.10 with high selling pressure and close near the support turned resistance. This is a bearish signal.

The resistance at $1.10 is expected to be strong.

We would suggest investors to consider selling the stocks if the heavy selling pressure continues tomorrow since the heavy selling pressure signal pullback.

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