08 Mar '13, 2pm

Yanlord: Start Down Trend

Yanlord: Start Down Trend

Yanlord has broken out from the Head and Shoulders and rebounded to test the neckline at about $1.50. The current rebound has halted after Yanlord showed a Doji candle. If Yanlord cannot go above this neckline resistance and turn down with a bearish candle, Yanlord will continue the down trend. Take note that Yanlord has formed a “Lower High, Lower Low” down trend channel. Immediate support is $1.405 (61.8% FR) followed by $1.32 (200D SMA).

Full article: http://thefinance.sg/2013/03/08/yanlord-start-down-trend/

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