Yanlord – [ Watch For The Break! Will It Move Down? ]
Chart Source: Poemsview 2nd May 2019
Yanlord has seen a rise due to the better than expected home sales in china. After such a strong run some retracement might be healthy for a stock.
It broke below the 20ema but managed to stay above it at the end of day. On the other hand it is currently below the short term uptrend line. So far the 20ema acts as the support and if Yanlord closes below that then we might see further downside to the next uptrend support line.
Do you have a sound and actionable trade plan?
Is it critical to have a trade plan which includes the entry price, stop loss, profit target in order to ensure that your trade is of good quality. With that then will a trader have confident in entering a trade.
Want to know more about Yanlord? Drop us a message and we’ll be glad to discuss more.
Yours
Humbly
Kelwin&Roy
