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Forum - Yingli Green Energy Holding - YGE   

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From: ocean75 (Rep: 27)Date: 2011-11-28 10:08:34
Forum: Yingli Green Energy Holding - Thread #673327974Msg #465 - Part 1/1 (Rec: 0)
Buy $YGE - Yingli Green Energy Hold. Co. Ltd. (NYSE:YGE) failed to continue it’s bullish momentum on Friday. The stock attempted to push higher, topped at 3.91 before whipsawed to the downside, hit the bottomed at 3.72 and closed at 3.81. On daily chart we can see a healthy pull back to its 20-day MA indicating a consolidation phase after some bullish momentum. The bias is neutral in nearest term. A break above 4.20 on a close basis should be seen as a serious threat for the stock to test the highs of October. Immediate resistance is seen at 4/4.08 area. Initial support at 3.7 followed by 3.63.

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