Getting weaker by the day as it breaches a new low….. where to now? Be our client to find out and many more. J
As per previous few sell calls, YOMA has consolidated about a week from 0.47 to 0.50 range and today we have seen an attempt to further break the immediate support again. Clearing of 0.465 levels can be a confirmation. As long as 0.500 is a resistance, still a negative and CFD sell positions can be used to ride the downside further. Target to 0.45 then 0.40 on a clear breakdown.
Yes, has broken the 0.500 support level convincingly today further. Note that as long as 0.500 is a resistance, this counter still looks weak in the short term. CFD SELL to ride any downside with Buy stop loss at 0.515. May see it trade to 0.45 first then 0.40.