Yangzijiang: Continues the Up Trend

Yangzijiang broke the $1.26 resistance and move back to it up trend. Chart has been redrawn to show the uptrend support line. As long as the uptrend support is not broken, the next resistance target is $1.56.  Yangzijiang PE (at $1.46) is 10.5 which is not overvalue. A good entry point is when Yangzijiang retraces back to the uptrend support at about $1.35 to $1.40. Exit point is $1.56.

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