Monday, February 3, 2014

*********** Sell on Potential Breakdown: Yanlord. CFD SELL. Can next support hold ?

Yanlord has broke immediate support at 1.12 last week on a weak market. Can the critical psychological level at 1.10 hold now? Potential downside to 1.00 if it breaks down. Quite a clear BEARISH head and shoulder pattern formation with neckline at 1.15 broken previously. An opportunity to sell on break of support for more downside.
Stop loss at 1.13 for CFD Short trades
 
 

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