Monday, April 9, 2012

Yanlord Chart at support level

Yanlord closed at $1.23 on monday, recently it had broken the long term trend as it move higher. For mid-term, it has formed a trend channel and now it is resting at the trend line. Do note that it has risen more than 1 fold from the lowest point since october 2011 0.69 to the high of 1.495. Will it move higher? If this trendline support level holds and market is good(means if yanlord continue to trend up), now maybe a good entry and we should be targeting 1.65 for a 1-3months trade. It it doesnt happen that way, stoploss can be place ard 1.19