Straits Time Index (STI) is currently trading in an Uptrend Channel but will probably have trend reversal as it is facing the uptrend resistance at about 3,230. Immediate support is at 3,130 which is the 20D MA support followed by 3,040 which is a 50D MA support (also the uptrend channel support). Breaking below 3,040 indicates the end of uptrend.
Ying Li stock price is currently moving sideway and gyrating at about $0.40. Ying Li is trading below the 200D MA and the 200D MA is still on the downward direction. Unless Ying Li share price moves above the 200D, this stock is not interesting both from technical and fundamental point of view.
Base on the chart pattern, Yanlord has been trading within a Down Trend Channel for the past 4 months. Yanlord is currently testing the down trend channel resistance for the 3rd time at about $1.80. If Yanlord cannot break this resistance, the downtrend will continue. Next important support to watch is $1.677 which is a 50% Fibonacci Retracement Level. Pay special attention that all three Moving Averegas 20D, 50D and 200D are in the downward direction.
