Yangzijiang - My Stocks Investing

Yangzijiang (YZJ): Rebound but ….

Post author:Marubozu
Post published:July 19, 2011

Yangzijiang rebound strongly today after forming a Long Dawn Line candlestick pattern with a spike in buying volume. This is a trend reversal pattern after the recent down trend. However, YZJ must clear $1.38 (61.8% Fibonacci Resistance) and $1.45 (neckline support turned resistance) to break the down trend pattern.

Current Price: $1.325
Current PE: 8.81
Rolling PE: 7.94
FY09 PE: 9.98
FY08 PE: 16.34
FY07 PE: 29.78

Current YZJ valuation is not expensive and it is a good opportunity for short term trade to ride on the rebound.

Yangzijiang: Bull Surrenders!

Post author:Marubozu
Post published:July 12, 2011

Follow up from last analysis. Bull is defeated for Yangzijiang. On the way to $1.20 breakout target price of a Head and Shoulders chart pattern.

Yangzijiang: Last Chance for Bull

Post author:Marubozu
Post published:June 25, 2011

Yangzijiang rebounds from 61.8% Fibonacci Support ($1.38) and going to test the neckline (Head and Shoulders) support turned resistance at about $1.50. This $1.50 resistance is also the 20D MA resistance. Failing to break this resistance indicates the bull has surrendered to the bear. Immediate support is about $1.38. Price target of the breakdown is $1.20.

Previous Yangzijiang post here.