Yangzijiang (technical)

Yangzijiang: Trading Central notes the stock stands above a strong support at $0.94, and maintains a positive bias. Expects a rebound as the daily RSI is reversing up. Sets next targets at $1.03 (38% Fibo retracement of the previous up move) and $1.085 in extension (filling of the mid-Jan gap). Notes the outlook would only turn bearish in the event of a break down below the $0.94 support. YZJ shares are +2.1% at $0.975 this morning post results.