YangZiJiang has recovered from its recent low. However, the recovery is due in part from the macro developments (clarity from Greek debt and US stock market), as well as the company's clarification that it is not issuing any convertible bonds.
The outlook for YZJ is still not clear, i.e. not a rally in any sense. The general price is still trending within a downward channel, while the price may get stuck in the price range of $1.40-$1.42. This price range seems to be a resistance / support as previously noted.
YangZiJiang will need to break this trading range of $1.40-$1.42 over the next few days in order to trigger more confidence, from a trading perspective.
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