Thursday, September 6, 2012

Yangzijiang (technical)

Yangzijiang: appears technically biased downward. RSI is below neutral and steadily sliding, while MACD has just featured a negative crossover. A break below $0.95 support would confirm the negative momentum and a further breach of next support at $0.90 would position the stock well as a bearish breakdown candidate. See resistance at $1.05.

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