Thursday, March 28, 2013

**** Trading Buy: Ying Li. Share price 0.475.

Ying Li has closed above the 0.47 resistance yesterday which it has consolidated below since 4th Mar 2013 for about 3 weeks. It has also pierced above the 20 DAY MA (Green line) yesterday on the breakout. Currently day high today is 0.48. Resistance has now turned support at 0.47. As long as 0.47 remains as the new support level, short term upside to 0.500 is possible. A break above 0.500 psychological resistance can pave the way to the 0.54 region which was the high in Feb last month. A stronger volume on the rise will be more positive  for short term traders.
Stop loss at 0.455. 

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