Monday, September 23, 2013

********* Trading BUY: YHM. Share price 0.055. (Convincing breakout seen, secures NEW CONTRACT WIN)

Following up from BUY Trading Call made on 12 September 2013. YHM has tested the 0.050, 0.051 resistance about 2 times over the past 2 weeks. Has opened at 0.055 today on news of it securing a contract worth USD 183m. Likely to see some strong momentum going forward on this news. Target to about 0.06 can be possible in the near term. As long as 0.050 stays as a new support level, we are bullish with a target of 0.06 then 0.065. Can consider accumulating on dips above the 0.050 from 0.050 to 0.054. TOP Volume seen currently on this convincing breakout which can signal more upside.
Stop loss at 0.049

1 comment:

  1. Any updates on the new tp? Seeing it has already hit 0.072