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Yangzijiang Chart Updates

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iPunter
    28-May-2010 13:13  
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I see newspaper ads about Fengshui  using only one's birthdate

and which many people say are really accurate...

Does anyone have any experience with that?... Smiley



Joe2020      ( Date: 25-May-2010 07:27) Posted:



Hehehe Believing chart is no better than believing the palm lines. Atlleast palm reading is trying to predict the future with non changing lines while stock chartist will try to predict the future with ever changing lines and the lines are only drawn after the event had happened. hehehehe

WELCOME TO MAKE BELIEVE WORLD

 



 

 

 
 
tact888
    28-May-2010 12:57  
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Yangzijiang Positive MACD Histogram Divergence

Potential breakout above the 1.28 to 1.30 immediate resistance zone is imminent according to the positive MACD histogram divergence pattern. Upside surge will probably move within the green channel and head towards the next resistance zone at 1.35 to 1.36 followed by a challenge of the dashed orange mid channel trendline.

Conversely, should there be any shocking news the breakdown below the 1.20 immediate support will retest the lower support of the blue channel. Support failure here will probably result in a downward fall toward the 1.13 to 1.12 support zone.

View chart at http://tactcharts.blogspot.com/2010/05/yangzijiang-negative-macd-histogram.html
 
 
tact888
    28-May-2010 12:54  
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Joe2020
    25-May-2010 07:27  
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Hehehe Believing chart is no better than believing the palm lines. Atlleast palm reading is trying to predict the future with non changing lines while stock chartist will try to predict the future with ever changing lines and the lines are only drawn after the event had happened. hehehehe

WELCOME TO MAKE BELIEVE WORLD

 



 

 
 
 
tact888
    24-May-2010 23:29  
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Yangzijiang Early Advance Reverses At Close

Just like a double edged sword the blue dashed dual trendlines cuts in both directions. Above this dual trendlines it acts as support but once price falls below it the other edge acts as a resistance. Early bulls who did not take profits were slaughtered by this sword as the market closed below the opening price and now sits at the light green immediate support band.

Besides the blue dual trendline resistance acting as a butchering knife other resistances include

1. Ichimoku Kumo
2. 20 SMA
3. Pink resistance zone
4. Dark green resistance belt

Take note that support failure of the light green band will see this Yangzijiang ship heading for rough seas and will challenge the following supports

1. Orange zone
2. Light blue support area
3. 200 EMA
4. $1 mark

View chart at http://tactcharts.blogspot.com/2010/05/yangzijiang-early-advance-reverses-at.html
 
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