SG Stocks To Watch (Yanlord)

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Yanlord (SGX:Z25)

Yanlord has reflected a Bearish Reversal Candlestick Pattern (Shooting Star) with today confirming the imminent correction, losing 2.92% intraday. With Stochastic oscillator also at overbought level, signalling with a bearish crossover, it is likely to see Yanlord continue is correction towards the price congestion level at $1.285, coinciding with a price resistance turned support level.

Do note that price support at $1.285 will still continue to maintain the mid term bullishness (uptrend) of the counter as a healthy correction is required for the sustainability of the steepness of this trend channel. This counter is exhibiting a very similar price action to Silverlake Axis (SGX: 5CP)

 

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