Monday, September 23, 2013

*********** Monitor Closely: Ying Li. Share price 0.465. (Seems like it is testing the previous high set at 0.465, can the 0.47 or 0.475 clear out ?)

Ying Li has slowly inched up back to the 0.465 resistance level which it has formed in July 2013. Currently testing it at the moment with Top 20 Volume. Note that it has just crossed above the Downward sloping Channel Resistance line (Downward sloping line) last week and has manage to stay above consistently, positive signal. More upside on the breakout of 0.47 and 0.475 level and we can expect to see it go to 0.500 in the near term. Upside breakout of 0.500 can pave the way to 0.54 level. Aggressive traders can consider getting in cheaper before the breakout with strict stop loss and average on the break.
Stop loss at 0.445.
UOBKH - 13 September 2013

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