New York, September 14th (TradersHuddle.com) - Shares of Yingli Green Energy Holding Co. Ltd.  are trading very close to calculated support at $4.15 with current price action closing at just $4.35 places the stock price near levels where traders will start paying attention.

Yingli Green Energy Holding Co. Ltd. (NYSE:YGE) designs, manufactures and sells Photovoltaic (PV) modules in China and internationally. The Company also designs, assembles, sells and installs PV systems that are connected to an electricity transmission grid or those that operate on a stand-alone basis.

Yingli Green's current stock range is defined by current calculated support defined at $4.15 and by the resistance level at $6.57, which should be used by traders planning their trades.

Traders wanting to establish a position should place close attention to Yingli Green's price action, and establish a position as close to support as possible, but only after buying materializes. Traders should understand that the resistance point at $6.57 might limit their upside, however if the stock breaks resistance, it could be a good point to add to the position.