Yanlord recently dropped into hell. Real "hell" to somebody. It has dropped 30% in 4weeks, yet it's such a "good" stock ever. Was hurt by Chinese government policy on cooling down property sector. Now it's just came under its 50% fibnacci level. I think it's never die yet but no sign of rebound either at this moment, need to be patient for buying a cheap.
Look at its weekly chart, 4 black candle in a row. Will this week be its turning point? not confirm yet till Friday. Today's up slightly relieved the downside but it may be just short covering. Patience is the key for those who want to buy cheap. If the 50% fibo can't be hold, then 61.8%=1.4 level is the next support will be a really interesting to look for a rebounce.
Daily chart, it has to fill up the gap first, long opportunity only comes if it can close above 1.7 this week.
Genting is one of the stock I personally try to avoid. I posted it in the past,(click HERE) but now it is ended, not interesting anymore to me. It's too hot to trade, everyone looking at it, will everyone make money in this market?The majority losing money. Look at it's chart, it still got hope if stays above 1.05, once break below this level. it's end of the story.
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