Showing posts with label Yangzijiang. Show all posts
Showing posts with label Yangzijiang. Show all posts

Sunday, December 16, 2007

Yangzijiang 14th Dec 2007

Yangzijiang 141207

Broke the critical support of $1.98 on 13th Dec 2007.
Touched $1.99 again on 14th Dec 2007 briefly with 0.425 millions of shares done there.
Majority of the shares doen at $1.93, with 8.71 million of shares (45.75% of the trading volume on 14th Dec 2007) done there, which should form a significant resistant there now, if it fails to stay above there on Monday.
Immediate support at $1.90 - $1.91 (most volume done there on 22nd Nov 2007, with 2.268 millions exchanged hands).
If breaks, next support will be at $1.86 - $1.87. (20th Nov 2007's low).
Trading range should be $1.90 - $1.93 on Monday.
Watching closely on this. Think $1.90 can be broken, given DJI fell 1.32% (-178.11) last Friday 14th Dec 2007.