Ying Li is currently trading in a Falling Wedge. The stock is currently testing 20D and 50D MA resistance, and also 23.6% Fibonacci Retracement Level at $0.438. Breaking these resistance level gives a chance to Ying Li to break the falling wedge resistance at about $0.46. Price target for successful breakout is $0.85. Keep a close eye on the breakout.
Ying Li: Trading in a Falling Wedge
- Post author:Marubozu
- Post published:July 11, 2010
- Post category:Ying Li
- Post comments:0 Comments
Tags: Falling Wedge