Are you locked in?
Sent: Wednesday, March 23, 2016 10:02 AM
Subject: ************* Yanlord Land: Potential breakout above 1.30 next, awaiting next entry. price 1.29
Subject: ************* Yanlord Land: Potential breakout above 1.30 next, awaiting next entry. price 1.29
From call last Friday, we have indeed seen some profit taking as soon as it nears the 1.30 KEY PSYCHOLOGICAL resistance level. It has retraced back to 1.25 support before we saw a rebound back again. Range would be from 1.25 to 1.30 now and we may still a breakout above the 1.30 if it holds. HUGE sellers stacked at 1.30 at the moment, any clearing can be a huge bullish with a multi-year high and volume to further confirm. Watching, alerts set J
Sent: Friday, March 18, 2016 9:17 AM
Subject: *************** Yanlord Land: Potential breakout above 1.30 next, a good run. price 1.29
Subject: *************** Yanlord Land: Potential breakout above 1.30 next, a good run. price 1.29
From previous call, we have indeed seen Yanlord headed towards our first target at 1.30 today, it may start to see some selling pressure from here as 1.30 is a key resistance to clear. Note that it has also attempted a breakout above this level in May last year but failed. Any clearing above 1.30 – 1.31 can see renewed strength towards 1.40 then 1.50 too. Raise stop loss to protect profits. For those who want to hold for a potential breakout again, you can do so but also good to take some money of the table too. J Raise stop loss to 1.28 if 1.30 clears out and continue to ride.
No comments:
Post a Comment