On Thursday, Yanlord broke the resistance at $1.475 and closed at $1.495 with LOW volume of 4.14 million shares traded.
Both RSI & MACD are bearish as RSI trend downwards.
Important Resistance of Yanlord: $1.545
Immediate Support of Yanlord: $1.475
Currently prices are supported by 100 days MA.
On 4/Mar, Yanlord gap down and undergo heavy selling pressure due to the bad news reporting from China.
The resistance at $1.545 is expected to be strong.
Do not suggest buying now as prices broke the resistance at $1.475 with low buying pressure. This could be a dead cat bounce and prices could fall further downwards.
Important News
Hong Kong billionaire Li Ka-shing linked Hutchison Port Holdings Trust (NS8U.SG) has acquired Asia Container Terminals Holdings Ltd., a container terminal operator in Hong Kong, for about S$509 million (US$408 million). The acquisition will ...
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