On Wednesday, Yanlord re-test the resistance at $1.26 and closed at $1.24 with HIGH volume of 1.59 million shares traded.

Both RSI & MACD are bullish as RSI trend upwards.

Important Resistance of Yanlord: $1.26

Immediate Support of Yanlord: $1.21

Currently prices are resisted by 100 days MA at $1.26.

Since 30/Sept, prices have been consolidating between the resistance of $1.26 and support of $1.21. This is indicates that Yanlord is currently trending sideways.

The support at $1.21 is expected to be strong.

We would suggest buying near the support of $1.21 since it will not give way easily. Cut loss once $1.16 breached with high volume.

Important News

Sheng Siong Group’s net profit climb 7.8 per cent year-on-year to S$10.6 million for the quarter ended Sept 30, 2013, mainly as a result of higher revenue ...