Monday, April 28, 2008

Yangzijiang Ship Still Docked At Port

Tested both the upper uptrend channel resistance line and the immediate support at 50 days EMA. Closed at the same price as Friday closing. The Volume Distribution Chart below shows that there was more selling than buying by the Big Boys. With the decline in volume in the lastl 2 days an imminent price fall seems inevitable unless buying volume returns.

1 comment:

Anonymous said...

Thank you from