Trend Watch

Friday, February 8, 2008

Yangzijiang Fibonacci Extension Projection


First trading week of the New Rat Year will probably see testing of all time low support at $1.16. Support Failure here means dropping into uncharted depths. Using Fibonnaci Extension Projection the next support at 127.2% is 89 cents. Another support is the IPO price which is 95 cents.

2 comments:

Skibunny said...

Fibo,

thank you for your comment on my blog. On reading yours I realise I will have to seriously engage my IQ in order to interact with you with any degree of intelligence.;-)

Anonymous said...

personally, i a m confidence that YZJ is abt time to rally up as oversold to 100% off the peak....

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