Monday, April 13, 2015

Yoma - breaking above 0.500 resistance, where to ?

Now at 0.525 following up from last Friday’s breakout call. Still good to go ?

Sent: Friday, April 10, 2015 9:16 AM
Subject: ******************** Potential breakout: Yoma -Consolidation above 0.45 new support now, more upside above 0.49, price 0.495
As mentioned from previous call, Yoma has still consolidated from 0.45 to 0.49 for about 3 weeks, and today we have finally seen some reactions as it attempts a breakout above the 0.49 critical resistance level. Was trading below this level since feb before it rebounded back up. Any clearing of 0.500 would serve as a confirmation and we can expect a trade back up to 0.56 then 0.60. Stop loss at 0.485 for a convincing breakout.


Sent: Tuesday, March 31, 2015 9:46 AM
Subject: ******************** Potential breakout: Yoma -Consolidation above 0.45 new support now, more upside above 0.49, price 0.48
From previous Yoma direction email, Yoma has managed to stay above the 0.43 support and head headed higher to form a new consolidation phase from 0.45 to 0.49 now. Have been supported above 0.45 for more than week and seem to be holding well. At current level, has pulled away positively from the 20 day MA line convincingly in as a sign of strength. Clearing above 0.49 immediate resistance now can see it trade to 0.51 then 0.55. MACD indicator crossing above the zero line which can see more continued momentum. Short term positive above 0.45  - 0.46 support for now and can accumulate on dips above this levels.

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