China Yida Holdings (CNYD)

[DonLeopoldo]

IAVA Chart (Daily):


Right now, I have no clue of what it could do.

In intraday, it looks as a downtrend soft channel has formed, with short term resistance shown as shaded triangle in previous chart.

In daily chart, we have the RSI and MACD going down. We need to see if MACD does cross below the red line and if RSI bounces at or above 50.

If MACD crosses below the red line, then we should wait till it comes back up again.

For me, it is a wait and see, after all these figures have been accomplished.

The HS's figure has slightly pierced below the support, but I wouldn't say it is a confirmation, as it closed inside the HS's channel and the piercing was very small.


SUPPORTS are 0.13 and 0.09 in IAVA, ... lets see if they get tested or not.


http://stockcharts.com/h-sc/ui?s=IYSA&p=D&st=2007-03-01&en=2008-03-01&id=p44292196742

http://stockcharts.com/h-sc/ui?s=IAVA&p=D&st=2007-03-01&en=2008-03-01&id=p44292196742