Yanlord: Trading in a Down Trend Channel

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Yanlord is currently trading in a Down Trend Channel but seems like rebounding from the down trend channel support at the moment. However, this Morning Star reversal pattern is not fully formed yet as it is not meeting the Morning Star Pattern criteria. Immediate resistance at $1.07 which is also the 200D SMA resistance.

Yanlord July11-2015

So far the candlestick reversal patterns are relatively reliable for Yanlord.

  1. Morning Star at the start of the down trend channel support
  2. Hanging Man and Evening Star at start of the down trend channel resistance
  3. Bullish Harami and Three Inside Up at down trend channel support
  4. Shooting Star and Evening Star at down trend channel resistance

To learn how to candlestick patterns to identify the trend reversal , check out the Technical Analysis Hands on class here.

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Singapore Exchange (SGX): Bull on Standby!

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Current Singapore Exchange (SGX) is starting to show a bullish chart pattern. Weekly chart shows SGX has found the bottom at $6.00 and has since reversed to the uptrend.  A bullish harami candlesticks has been formed which indicate potential upside weeks ahead.

Daily chart shows SGX bounced back from the 61.8% FR support at $6.78. This level is also the 200D MA support. The 50D MA is crossing up 200D MA at this level too. All these signs are bullish signal and if SGX can break the resistance at about $7.30, the stock may move up to the 161.8% FR of about $8.15. Cut loss if SGX drop below $6.78, the critical support level.


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Genting Singapore: Going for the 3rd Time!

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Genting Singapore has broken out from the Symmetrical Triangle and broke the $2.00 psychological support. Genting Singapore failed to break the 20D MA resistance twice. There was a Bullish Harami candlestick pattern observed on last Friday and Genting Singapore may rebound to test the 20D MA resistance (about $2.00) the 3rd time.  Failing to break above $2.00 resistance will continue the down trend and Genting Singapore will head towards the breakout price target of $1.60.

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