Tuesday, February 17, 2015

Bearish Setup: Yoma - did break below the 0.500 support as mentioned last week, more downside ?

Sent: Friday, February 13, 2015 3:05 PM
Subject: ****************** Bearish Setup: Yoma - Breaking below 0.50 - 0.51 support can lead to more downside.... price 0.500 - CFD SELL
Yoma has traded above the 0.51 level since Nov 2012 and recently has also consolidated above it for about 3 weeks. Today we have seen it break below the 0.51 support on strong volume and this can open the way to more downside to 0.45 then 0.40 20 DAY MA line has been accelerating downwards since last month and downtrend looks to be still intact especially if it stays below 0.500 new resistance now. CFD SELL positions to ride any downside can be possible with BUY STOP loss at 0.525.

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