Wednesday, May 30, 2012

Yangzijiang (technical)

Yangzijiang, Stochastics and RSI does suggest that counter is still on an uptrend, although caution that ADX has started to hook downwards, while could mean that current uptrend is running out of steam. Near Term resistance is tipped at the 20 day EMA of $1.06 followed by $1.15 (200day EMA). Support can be found at the psychological level of $1.00 followed by recent low at $0.91

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