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.
Yanlord: At Critical Support Now
- Post author:Marubozu
- Post published:April 18, 2013
- Post category:Yanlord
- Post comments:0 Comments
Tags: Falling Wedge