Yanlord: Rejected by Tough Resistance

Yanlord was rejected by a tough resistance at about $1.05. This $1.05 is the previous support turned resistance level (shaded in blue). At the same time, this resistance coincides with the declining 200D SMA which was the reliable resistance (shaded in orange) in past few occasions. Currently Yanlord has shown 2 Dragon Fly Doji, so wait for the confirmation of reversal pattern.

Yanlord Sept11-2015

Original post from https://mystocksinvesting.com

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