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Saturday, May 31, 2014

YZJ

YZJ - 31st May 2014 - Yzj experienced heavy sell-down around 2.55 - 3.00pm on 30th May 2014. The selling down volume is super high of 86.97m as opine to normal trading volume of 1- 5m.Prices dropped around 11% ( from $1.13 to close at $1.01 on 30th May).A Black extended bar was formed on the chart.This is generally quite bearish. Seems that the market is shaken. Short term may likely to see more selling pressure. Immediate support will be at $1.00. Breaking down of $1.00 may see it goes further down to 92 cents then 80.5 cents.( trade base on your own decision)

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