STI taking a break

A lot of counters tested their November lows today again and some of the counters did not make it this time round. However, it seems to me that the STI is holding well at the support level mentioned in my previous post.

Yangzijiang seem to have broke it's strong support of $1.86. It closed at $1.85 today so it might be prudent to wait for the next closing to confirm that the support has been breached.

Yangzijiang:


China Hongxin broke the 200d MA and the trendline and that is extremely bearish. I placed a long today, only to see it breach it's support level during the day to my surprise. So in the end, i got out by taking a small loss near the closing. I believe this counter should plunge all the way down and it is a prime candidate for shorting.

China Hongxin: