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Have we reached the bottom or is this just a bear rally?
 
Singapore

Yanlord
 
Yanlord is one of the few S-shares that has remained resilient. Although it previously reached a high of $4.40, its current price of $0.90 is holding well compared to other S-shares. Yanlord recently rebounded from $0.665 to $0.90. Looking at the chart, there is a technical resistance nearby at $0.95. Breaking this resistance may see more buyers coming into this stock with the next resistance level being the high achieved at the start of this year. A minor technical support may be foung at 0.80, with a much stronger support at $0.68, representing the low of 2009.
 
 
This article first appeared in Smart Investor, May 2009
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