Yanlord Land after touching the low of 1.09 on 27th June 2016 it has since managed to stage a strong recovery and head higher to touch 1.295 on 16th Aug 2016. This is generally quite bullish.
The current price of 1.29 is staying above the SMA lines which is generally quite positive.
Also both Macd & Rsi are still rising that may provide further indication that the share price may continue to trend higher.
Short term wise , I think it may likely cross over 1.295 swiftly and head higher towards 1.335 which was the immediate resistance being attained on 24th Mar 2016.
Breaking out of 1.335 with good volume that may propel to drive the share price higher towards 1.40 then 1.50 with extension to 1.55.
(trade base on your own decision)
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