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Stock Chart: Yanlord, Capitaland!
By Dou  •  November 1, 2011

On Tuesday, Yanlord broke the minor support at $1 and closed at $0.995 with LOW volume of 10.76 million shares traded.

A falling window occurred (where the bottom of the previous shadow is above the top of the current shadow). This usually implies a continuation of a bearish trend.

Both RSI & MACD are bearish as MACD lines about to perform a “death cross”.

Important Resistance of Yanlord: $1

Immediate Support of Yanlord: $0.95

Currently prices are supported by 20 days MA at $0.95.

On 28/Oct, prices re-test the critical resistance at $1.11 with high volume and yet again failed to breakout. This is a bearish signal.

Prices have began to pullback as it rebound strong against the resistance at $1.11.

The support at $0.95 is expected to be strong.

Do watch for any signs of rebound at $0.95 if interested in ...

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By Dou
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