On Wednesday, Yanlord re-test the support at $1.40 and closed at $1.425 with HIGH volume of 2.79 million shares traded.

Both RSI & MACD are bearish though RSI in oversold region.

Important Resistance of Yanlord: $1.475

Immediate Support of Yanlord: $1.40

Currently prices are resisted by 20 days MA at $1.475

Since 25/Jan, prices have been trending downwards on a falling channel forming a lower high and lower low. This is a bearish signal.

The support at $1.40 is expected to be strong.

Do watch for any consolidation at the support of $1.40 (200 days MA) if interested since it will be the last straw for the bulls. More selling will be triggered if this support gives way.

Important News

Global Logistic Properties Ltd. (GBTZY, MC0.SG), which paid about 3 billion Brazilian reais ($1.5 billion) last year to become one ...