Yanlord

Commentary:
Recently, Yanlord did a fantastic run up from around $0.50 to a high of $1.09. Alot of people are predicting that this could be the start of a new beginning which could propel this China property darling back to its hey days. A simple check on its chart, however, suggested otherwise. Price action was resisted by its long term downtrend line and has subsequently retreated. Therefore, as long as price action is unable to penetrated and break up this long term downtrend line with strong volume, I will still be bearish on this counter and will short it when price gets near the trendline. Caveat Emptor.