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Yanlord Testing Double Resistance Zone

Hi, I am a newbie and I have a question. Would appreciate if you could enlighten.What does it mean for ordinary share holder concerning "Propose renewal of the share buyback mandate"?
Thanks





 

 

Testing of double resistance formations

1. Dual upper resistance boundaries of green channel

2. Blue resistance band

Breakout above these 2 resistances will test the dual central resistance band of the red channel and challenge the pink resistance zone. If buying continues above this pink zone expect probable resistances at the colour bands indicated on the chart.

However, if the Big Bulls cannot clear the blue immediate resistance band a pullback towards the light blue support band is imminent.

View chart at http://tactcharts.blogspot.com/2010/04/yanlord-testing-double-resistance-zone.html