Friday, March 18, 2016

Yoma: Still consolidating upwards, what are we watching now? price 0.535

Will the 0.55 resistance clear out soon?

Sent: Monday, March 14, 2016 4:57 PM
Subject: ******************* Yoma: Possibly for 0.55 to clear out leading to more strength, price 0.525
We have seen a clear breakout for Yoma above the 0.500 psychological resistance level and it seems likely to head towards the 0.55 to attempt a move above also. Any clearing of 0.55 – 0.555 can be a further short term bullish with target to 0.60 then 0.65. Strong volume on the rise, with support at 0.500 for now.. There can still be more strength as long as 0.500 holds as immediate support. 20 day MA reversing and cutting above the 100 day MA in a sign of strength and a potential short term reversal. Can consider averaging up and raising stop loss on a move above 0.55 over the next few days. Strong volume of more than 6 times above average on this move with MACD also pulling away from the zero mark a good sign.

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