Yangzijiang - Bearish Price Action

On 5th November, it was ramped up on high volume, giving the impression that the stock has finally turned around after a period of consolidation. Today, the stock reversed to give up almost all its gains. Many traders were caught on 5th November and it will take many more days before the stock can turn up again. It could test the last support 0.95 in the short term. A break below 0.94 could see the stock price testing its low at 0.91 again.

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