Today seemed to be the first day for a minor rally for yangzijiang in the short term. Apparently, besides yzj, the overall market got a lift and rebounded which gave regional bourses the incentive to recover from the recent dizzying sell-off that had sent prices down spiral. I won't say that the rebound was strong, however this might signal a start of a short term rally for the moment. It could be more distribution to come or it might signal the end of the recent downfall, the answer is I don't know. I will have to watch and observe how much follow through in the coming days.
To trade Yzj for the short term, look to long when it reacts. Look at the volume when it reacts, it should be low which signals lack of selling activity. There are a lot of stale bulls out there. They will be lured into selling their shares each time the market attempts to make a comeback, so be very wary when yzj edges higher and higher as traders will use the surge in trading activity as an alibi to unload their positions at higher prices.
Ronald K
