Yoma has been consolidating above the 0.85 support level for more than 2 months while forming a Descending Triangle formation with lower highs as seen in the chart. Today we have seen it tested and break this 0.85 support level. More downside can be possible to 0.81 to 0.80 support if it does not stay above 0.85 in the next few days. As long as 0.85 is the new resistance level, we are bearish. A break below 0.800 can see it go to 0.77 next support level too.
Buy Stop loss at 0.865 to close short positions
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