My past attempts to short this counter has proved unsuccesful, but this could be the right time to short it:
1. Yanlord has been in a downtrend since Aug 2009.
2. Renewed unfriendly Chinese policies towards real estate developers.
3. Next round of market correction may already have been triggered with the Goldman investigations.
4. Bearish candle + falling RSI + bearish SAR + breaking support at 1.82.
My plan:
1. Short at current levels. If market gaps down, wait for price to retrace.
2. Initial SL: 2.02
3. TP: Open
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