Wednesday, December 16, 2009

Yangzijiang retraces to previous support zone



Retesting light blue support zone with rapidly falling MACD. Stochastics entering oversold region without any indication of crossover yet . RSI will probably find support at around 44. Support failure of light blue zone will result in a drop towards lower Bollinger band support and probable decline to light green support zone and retest of bold red uptrend support line.

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