Tuesday, October 1, 2013

********* Consolidation now after huge RUN: YHM. Share price 0.061. ( Trade the range possible)

Following up from BUY trading call made last Monday on 23 September 2013. YHM has indeed staged a convincing breakout and surge much higher to a high of 0.074. Immediate support currently at 0.060 which was also the low for yesterday and would be a psychological support to stay above for more upside consolidation. Quite a huge trading range for consolidation which is pretty expected giving the huge run up seen last week. As long as 0.060 stays as new support level, still a positive counter to hold. A breakdown of 0.060 support can also lead to downside to 0.053 to 0.055. Possible to trade this range again and take profit above 0.068. A new breakout of the 0.074 resistance level which has been tested 2 times already buy failed to break above can lead to 0.080 fast.
Stop loss at 0.057 for short term trades
 
NEWS – 30 September 2013
 

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