Wednesday, November 7, 2012

Yangzijiang



Yangzijiang, still in down trend and the price moves within the descending channel. Today it has went up about 5% and hits the descending trend line as it major resistant. Question is will it breaks above resistant? We don't know but as a trader we will not enter when it hits resistant, we will wait for break out and use break out strategy to handle the trade. If the break out fail then the short-sell may occur. Let see how it perform! 
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