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Bull 1: Bear 0
 
Singapore

Yanlord
 

For the past few days, S-Shares have consistently been in the SGX Top 20 volume list. This is part of the sector rotation which was started off by financial and property sectors and is now being rotated among the various sectors that have not moved. Yanlord is one of the few S-Shares which are resilient and scandal-free. It has broken out of the 200-day moving average which shows that it is very bullish. This is also confirmed by the ADX indicator which is currently above 40. Yanlord just did a classic breakout of resistance at $1.12 with the upside capped at $1.51. A strong support may be at $0.955.

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