Yanlord has been on bull trend for the past few months but it is time to take profit or reverse to short the stock after a Head and Shoulders, a reversal chart pattern is formed. Also take note that a “Lower Low, Lower High” down trend pattern started to show on Yanlord chart. Neckline support is at about $1.52.
Also take note that a Bullish Engulfing candlesticks was formed at the support indicate a possible rebound on next trading session. This presents good opportunity to short Yanlord on rebound.
Key Statistics for YLLG
| Current P/E Ratio (ttm) | 6.3179 |
|---|---|
| Estimated P/E(12/2012) | 14.8328 |
| Relative P/E vs. FSSTI | 0.6036 |
| Earnings Per Share (CNY) (ttm) | 1.2322 |
| Est. EPS (CNY) (12/2012) | 0.5250 |
| Est. PEG Ratio | 1.3363 |
| Market Cap (M SGD) | 3,010.80 |
| Shares Outstanding (M) | 1,948.74 |
| 30 Day Average Volume | 4,685,900 |
| Price/Book (mrq) | 0.9669 |
| Price/Sale (ttm) | 1.4602 |
| Dividend Indicated Gross Yield | -% |
| Cash Dividend (SGD) | – |
| Last Dividend | 05/16/2012 |
| 5 Year Dividend Growth | – |
| Next Earnings Announcement | 02/28/2013 |
Hi
Yuo are so right, yanlord has been down trend
Can share your view now, whether more down or uptrend in sight
Thanks
Current Yanlord chart is still bearish. https://mystocksinvesting.com/singapore-stocks/yanlord/yanlord-at-critical-support-now/
Yanlord will only turn bullish if the stock can break out from the Falling Wedge resistance.
Hi not good at TA
What price is the falliung Wedge resisitance
Thanks sharing
Resistance at about $1.45.