Yangzijiang
ADX increased from 18 to 19 with +DI above -DI, which is a BUY signal. For the past 2 days, the trading range increased from 18.1% to 38.5% change. Trading volume increased from 7.91% to 158.6% change, after the news of trading tax cut in China. RSI also increased from 50% to 59%. Now it is currently trading above its resistance level of $1.05.
Today's closing price will tells us whether the resistance will hold.
Recommendation
LONG at $1.11
STOP LOSS at $0.87
TARGET PRICE at $1.32
Reward/Risk Ratio: 0.88
Updates
Apr 28, 2008: Yangzijiang eyes over 50% jump in earnings
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