Yangzijiang: Last Chance for Bull

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.

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