All posts and charts are for educational and illustration purposes only
Tuesday, January 23, 2018
Ying Li - Has it finally bottomed and turning up?
Ying Li - After a relentless downtrend from 2013 to 2015 followed by a rangebound trading between 0,13 and 0.20 from 2015 to date, is the stock finally turning up? The share price jumped 15% or 0.024 to close at 0.178 following news of its proposed divestment of Ying Li International Commercial Centre to China Evergrande for Rmb3.29b. The company is expected to realise a disposal gain of Rmb 343m. Today the stock spiked up after a off market married deal of 153.4m shares changed hand at 0.135. Who took the block of shares? This suspense is adding to the bullish sentiment today , on the chart it looks like this stock is poised to test its next resistance at 0.194 followed by 0.21. A break above 0.21 should herald a start of a new uptrend for this stock with targets of 0.24 and 0.28. An estimated NTA at 0.40 also imply it is attractive at current price.
at 9:27:00 PM