Wednesday, November 11, 2015

Yoma: A breakout SEEN indeed on TOP 5 volume... price 0.515

Can it touched our 0.55 resistance next?

Sent: Monday, November 09, 2015 5:02 PM
Subject: ********* Yoma: Breakout seen again after brief consolidation with strong volume, price 0.495
Following up from previous call, we have indeed seen Yoma traded to a high at 0.48 before market weakness and seeing it dipped to support at 0.42 again. Was consolidating from 0.42 to 0.45 for about 2 weeks and today we have experience a breakout above the 0.45 and 0.48 price point. This can see more strength if even the 0.500 psychological resistance clears out. Target to 0.55 then 0.60 next on a further move above 0.50. 20 day MA line has already crossed above the 100 day MA line and on the verge of continue its climb above the 200 DAY MA line which can signal a strong upwards reversal in place. Raise stop loss to 0.485 on a further breakout.

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