Yangzijiang (technical)

Yangzijiang: Trading Central notes the stock remains positively oriented, supported by a MT rising trend line in place since June 2013. In addition, a strong support base has formed around $1.11, which should also limit the downside potential. Lastly, the daily RSI is mixed to bullish above its neutrality area at 50%. Above $1.11, expect a new up move to $1.27 and $1.305 in extension.