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This news been on for awhile already. N remedy been carry out in pipe line.
Its old news, not much impact at all.
For long term, Yanlord looks good.
trader9988 ( Date: 07-Mar-2010 17:34) Posted:
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Any expert care to advise me whether should i hold or sell within these prices as i bought 10lots at 2.02.
Real Estate bubble in China is about to Burst ?
China moves to cool housing market
China's real estate boom has further deepened the divide between the haves and the have-nots as the country's middle class struggles with soaring property prices.
Wen Jiabao, China's premier, on Friday pledged measures to curb speculation in the country's housing market and rein in soaring prices, but with real estate accounting for 10 per cent of GDP, making any changes would not be welcomed by investors.
The dilemma for Chinese leaders is finding a balance between their need for prices to stabilize, while avoiding a property price crash.
Al Jazeera's Melissa Chan reports from Beijing. (6 March 2010)
So next week how?
corrective wave c comin after rebound wave b recently?
Looks like the direction is turning south!
http://mystocksinvesting.com/singapore-stocks/yanlord/yanlord-%e2%80%93-testing-50d-ma-resistance/
Next resistance level 2.03, should clear it with no problem provided no surprises with general market. Ignore tomorrow profit taking. Still a long way to go. BB playing at the moment. Directors need to see money after converting. Hold for later profit taking. DOYDD. My boz say only hor, dun follow me har...I always got it not quite wrong.
should be going up for a wihle.
if tis is an inverted H&S, does tis mean trend reversing?or jz some technical rebound only...?
Breakout above the neckline resistance zone 1.82 to 1.80 confirmed the reverse head and shoulders pattern. Strong buying has powered the rapid flight of price towards the target price zone of 1.95 to 2.00 and expect profit taking at this region.
Pullback towards 1.91 to 1.89 support zone expected if buying interest wanes and further weakness may see a retest of 1.87 to 1.85 support zone. Major support is the former neckline resistance turned support zone as seen on the hourly chart.
View hourly chart at http://tactcharts.blogspot.com/2010/03/yanlord-inverted-head-and-shoulders.html