On Thursday, Yanlord re-test the support at $1.405 and closed at $1.46 with regular volume of 14.11 million shares traded.
Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.
Both RSI & MACD are bullish though RSI in overbought region.
Important Resistance of Yanlord: $1.51
Immediate Support of Yanlord: $1.405
Currently prices are well above the 20/50/100/200 days MA.
For the past 2 trading sessions, bears has attempted to short the prices down below the $1.405 support but failed.
The support at $1.405 is expected to be strong.
Too late to buy now on overbought market but instead sell once $1.405 support breached with high volume if vested.
On Thursday, Sembmar re-test the support at $5.15 and closed at $5.23 with LOW volume of 5.15 million shares traded.
During the past 10 bars, there have been 5 white candles and 4 black candles for a net of 1 white candle. During the past 50 bars, there have been 24 white candles and 22 black candles for a net of 2 white candles.
RSI & MACD are bearish as MACD perform a “death cross” recently.
Important Resistance of Sembmar: $5.45
Immediate Support of Sembmar: $5.15
Currently prices are supported by 20 days MA at $5.15.
For the past 8 trading sessions, prices have been trending along the critical support at $5.15 and this affirms to the rally has lost its strength.
The support at $5.15 is expected to be strong
Do not buy on overbought market and instead prepare to take profit as the earning report is already out today.
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