Yangzijiang Technical Analysis

Yangzijiang, today closed as black spinning top. Indecisive between uptrend/downtrend still exist but what keeps this stock in my radar is RSI 30% and also the valuation of it on the support price of 0.91. Now is just to wait for +DI to be more than -DI will even more confirmation on the uptrend. As I will be much happier if I can lock in at 0.975, it can also dip down temporary if it is influenced by the market global news that can cause the price to dip down. Thus if the price and volume can stay between 0.93 to 0.97, then will be more indication of uptrend. Stop loss if it goes beyond 0.91.

If tomorrow's candlestick and volume showing sign, it could be time to lock in and reap some profit.

Star-Trader