On Friday, Yanlord re-test the support at $0.76 and closed at $0.78 with LOW volume of 5.99 million shares traded.
A white candle sticks with little upper/lower shadow similar to “Doji” affirms that selling pressure has eased.
Both RSI & MACD are bearish as MACD about to “cross down”.
Important Resistance of Yanlord: $0.83
Immediate Support of Yanlord: $0.76
Currently prices are well below 20/50/100/200 days MA.
On 22/Sept, prices broke the critical support at $0.83 with heavy selling pressure and re-test the support at $0.76 the next day.
The minor support at $0.76 is not expected to be strong.
Due to the long term bearish trend for Yanlord, we would suggest to buy only on breakout of $0.83 resistance.
On Friday, Starhub broke the resistance at $2.91 and closed at $2.92 with HIGH volume of 3.61 million ...
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