Analysis of some counters

It's weekend again and christmas is coming. Seems to me that the market is bullish today as a lot of counters rallied.

Yangzijiang rallied up today with heavy volume and that is a good sign. Furthermore, there is bullish divergence in the RSI. Notice that the $1.86 level proved once again to be a crucial support technically as it bounced off from here. Next resistance will be the confluence of the 50d and 100d MAs and the prior top of $2.19. A breach of the $2.19 resistance will result in the formation of double bottoms.

Yangzijiang:


ChinaAOil has been in my watchlist for a long time. Notice from the chart that the level of $1.97 has been a strong support technically and it seems to have test the support successfully this time too. However, the volume seems low today so i guess it's better to observe further.

ChinaAOil:


Dow Jones haven close yet as of now so i will be posting on what i think about the indices tomolo :)