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 …