Wednesday, October 17, 2012
Yanlord (technical)
Yanlord: Counter still looks to trade within a range with resistance at $1.27 and support at $1.18. Indicators are also non-conclusive. MACD is slightly positive with both RSI and Stochastic marginally pointing up.
Aside from technicals do note that China's property is facing a similar problems as Sg's where the govt is not averse to implementing new policies to curb prices and inflationary pressures yet still see significant inflows partly attributed to cheap money from global central bank policies.
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