Yanlord - My Stocks Investing

Yanlord – Breaking Out from a Falling Wedge!

Post author:Marubozu
Post published:December 3, 2009

Yanlord is going to breakout from a falling wedge. Past two trading sessions ended with two Bullish Marubozu candles with increased in volume.

Current stock price ($2.41) has broken 20D and 50D MA resistance line.
MACD has crossovered the signal line and moving into bullish convergence region.
RSI and Stochastic are heading upward.
Stock price is at the upper Bollinger Band and above Parabolic SAR line.

Price target remains the same as previous analysis of about $2.85 after breakout. Yanlord has to stay above $2.40 (a critical resistance turned support level of the falling wedge) before reaching the target. Otherwise, the stock will fall back and gyrate in this falling wedge.

Yanlord – Testing the support

Post author:Marubozu
Post published:October 29, 2009

Yanlord retraced back to $2.33 to test the falling wedge resistance turned support line.

If Yanlord bounces back from this support tomorrow, head & shoulders pattern failure is still valid and the target price is $2.85.
Next very important support is at $2.20 and this is also the neckline. If this support is broken, the stock price may be sent down to $1.55.

My trading plan:

Enter only when Yanlord bounces back from falling wedge resistance turn support level. Entry price between $2.30 to $2.40
Exit around the target price of $2.85.
Thing to watch out: Yanlord Q3 result announcement in 2nd week of November.

Yanlord – Head & Shoulders Pattern Failure!

Post author:Marubozu
Post published:October 23, 2009

Yanlord appears to have Head & Shoulders pattern failure and breakout from the falling wedge. When there is a pattern failure, the reverse will happen. Current price is above 20D, 50D and 200D MA. My plan is to go long when Yanlord retest $ 2.41 support level and bounces up. Exit Target = $ 2.85.