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Tuesday 13 August 2013

Bought Yanlord at $1.305


As China market did a breakout, Yanlord broke out of a tight price range with 2 consecutive white candles and twice the average volume. Today, the price retracts to $1.28 and buyers push the price back to $1.305. I deem this as a good sign to buy. Cut loss will be set at $1.26 for a tight cut loss of 4%.

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