YNH Property - Selling Pressure

Tuesday, December 18, 2007

Yesterday, I chat with my one of good friends about this counter. He told me about his interest with this counter and will put this in next portfolio. Currently he made money using tips and news to trade. This counter has a lot of project to come as he said. To me, never mind if he will make some money. Below is my comment on this stock.

YNH Property Daily Chart

YNH Properties currently in downtrend mode, recently failed to overcome the trendline resistance trigger line (horizontal red line). Refer to my post before to find out how to do this setup. Current support line is expected at RM2.35 while next support line is RM2.15. RSI-14 declining and turn down. 5 days volume increasing shows me this stock in selling mode which I assume will be retested the current support. Aidiladha and Christmas is just near there, most stock will be in selling mode to take some profit. Mmmm... this stock currently not catch my interest. I also like some tips to make confident level but any trade that I made very much depends on technical analysis. I am open to all to share my knowledge. Appreciate if somebody out there to share how they trade using tips and news. How to get the best price? How to cut loss or reevaluate your stock in case your stock doesn't move in your favor. As long as you make profit using your method, go ahead. I also like to hear from you all.

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