I am long in YANLORD. But not really siding bulls or bears until I have further information. Just like in FA we have to analyse the global economic and sectoral outlook, in TA its helpful to analyse global indices and sector leaders for a more wholesome picture.
For HSI, system z trailing stop is 20330, below low of 5th Oct. It has no sell signal yet since buy signal 13450 in march. By not trying to sell at the highest, trend following let us catch huge trends like this.
Updated 8th Nov:
Can I call support lines -> demand lines
... and resistance lines -> supply lines?
