Thursday, August 15, 2013

ShareInv Article: Ying Li Set To Rally

Looking at the daily chart, if you observed Ying Li for the past one year, this counter has been moving up since June last year and it actually started to fall when the market corrected in February and May 2013. The price is currently settling above the 10-day, 50-day and 200-day moving averages. This means that the stock is still bullish in the short-term, mid-term and long-term. However, investor might need to set a stop-loss level if the price breaks below $0.42.