Yanlord is currently trading in a Falling Wedge and currently just trading at the wedge support (about $1.405) and also 61.8% Fibonacci Retracement Level. Next immediate support is 200D SMA at about $1.375. If this 200D SMA support is broken, Yanlord will be technically bearish and start a confirmed down trend.
See previous analysis on Yanlord.
Yanlord has broken out from the Head and Shoulders and rebounded to test the neckline at about $1.50. The current rebound has halted after Yanlord showed a Doji candle. If Yanlord cannot go above this neckline resistance and turn down with a bearish candle, Yanlord will continue the down trend. Take note that Yanlord has formed a “Lower High, Lower Low” down trend channel. Immediate support is $1.405 (61.8% FR) followed by $1.32 (200D SMA).
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.
| 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 |