Monday, September 16, 2013

******** Trading Buy: Yoma. Share price 0.78

Yoma has cleared the immediate resistance at 0.76 today on TOP 30 Volume currently. Has been consolidating below this resistance for about a month only to finally stage a breakout today. This could lead to a potential rebound back to 0.800 then 0.900 level. Has also broke above the 20 DAY MA Line (Green line) 2 days ago and has managed to stay above it. Target to 0.800. A break above 0.800 can see it go to 0.84 then 0.90 quickly. Note that 0.81 is also a 200 DAY MA level resistance so crossing above this level could potentially be another positive. As long as 0.75 remains as new resistance turned support, short term bullish.
Stop loss at 0.745.

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