Yanlord chart. Source from www.chartnexus.com

Yanlord along with many of the other S-shares has fallen sharply from their peaks. Many of which have been mercilessly sold down to levels way below their IPO price. The bearish sentiment of this sector has further deteriorated due to the sudden loan default by Ferrochina which has since been suspended from trading. The immediate resistance may be around $1.00 and support at around $0.80 which is the all time low for Yanlord. The major resistance may be at around $1.50. Rebound will likely be capped at these resistances unless the Chinese authorities make some policy changes for the benefit of the property sector in the near term.