Direxion Daily China (YINN)

[ospreyeye]

$YINN Chart – very nice follow through today – congrats to everyone following our charts & TA – today’s candle is forming above EMA 4 @ 32.47 – 1st Key level to turn into support – EMA 8 @ 35.46 is the next resistance level to break – when $YINN turns the middle Bollinger Band @ 43.35 into support a new up trend can begin –

back in the 3rd week of May & 4th week of June $YINN tried to turn the middle BB into support, but failed & a pullback followed – keep an EYE out for candles forming above the middle BB & a bullish change in trend –