
Yanlord seems somewhat undecided few days back base on its the range in which the trading is shrinking. In order words, that usually points towards a breakout type scenario. But base on today performance, the 1.99 seem to be the downside breakout or for the downside trigger.
If today cannot close above 1.99.... we will wait for 1.69 then.. goodluck..
Got some at $2.03 at closing stage. See how it progress tomorrow.
Cheers.
Property counters are always the first to go during the turn of a market. They are the leading indicators, even if they bounce back it will probably be the last and will not cross the previous peak.
Dun bet too much on it. Save some to scoop when it dives. Forget about the 10%-20% gain against a possible 100% gain when you pick up later at a depress price.
Only a guide and one of the many factors. Do not rely on it entirely - otherwise, we will regret for following blindly.
Calculation ( Date: 17-Jan-2010 16:07) Posted:
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If we were to take the chartists seriously, they will tell us that a "Descending Triangle" has been formed over the past few months and last Friday's fall with large volume was a confirmation breakout for its downside journey.
Wonder should we take these chartists too seriously.
waterfalls ( Date: 17-Jan-2010 13:38) Posted:
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Looks more like a pre-rally correction to me. Think it should head up soon. China government announced few measures to stop rising property price for awhile and this counter have been in the downward slope for almost 2-3 months as when others head up, it head downwards even when STI rose almost 200-300 pts.
Worth a bang if it can hold on the $2 mark in the opening bell tomorrow...
indeed,there is no hurry..
property counter behave like this,once bubble burst go way down-->econ downturn it dip alot
but when it rises you get caught unattended
But there is some concern on property bubble burst at China.
In actual, im still pending on whether to take this one.
soulcries ( Date: 16-Jan-2010 18:42) Posted:
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yanlord is affected by the chinese policy which the bank have to increase their bank reserve ratio.
bank will therefore lend less.less investment in property.
but is just temp,should rebould soon once the cloud is over,it have down 20+ cents le within 3 days.
and yanlord is top 15 property in china,china property market will boom in this year,yuan also strengthen in this year,so whhat do u think
Ya, but if possible try to catch this fish when it really bottom from its downtrend.
Not sure if it has bottom. Feel that still got somemore to go.......... so i prefer to hold on 1st.
Anyway let monitor its progress.
Cheers.
tonylim ( Date: 16-Jan-2010 15:45) Posted:
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dealer0168 ( Date: 16-Jan-2010 14:51) Posted:
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Current chart TA is against it. Monday may also be a bad day for it due to US Dow result last night.
May close below $2 on Monday.
A good company to buy. But i will not go in now, i will wait first. Timing seems not right yet.
marubozu1688 ( Date: 15-Jan-2010 23:02) Posted:
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Down trend started. May go down to $1.65.
http://mystocksinvesting.com/singapore-stocks/yanlord/yanlord-may-start-down-trend/