Friday, December 11, 2015

Yoma Strategic: Some weakness observed, may mark the beginning of the downside

Now at 0.445, upward trend weakens and points to potential reversal

Sent: Thursday, December 10, 2015 10:09 AM
Subject: ************* Yoma Strategic: Potential reversal if 0.45 - 0.455 breaks down..... price 0.46  
We have seen 3 Candlestick Dojis sloping lower over the past 3 days which signifies great indecision and a potential reversal on the cards. More confirmation needed on the clearing of 0.45 – 0.455 support where we can see it retrace back to 0.41 level. Moving below 0.455 would also signal a move below the 20 day short term MA which can see some downward pressure. CFD SELL to ride any weakness.

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