Following up from previous Buy call made on Wednesday. YHM has broken out of the 0.056 resistance level faster than expected and traded higher. Current trading range would be from 0.060 to 0.065. Likely to consolidate within this range or lower above the next support at 0.056 before more upside. A break above 0.065 can see it go to 0.070 then 0.074 fast which was the high set last month. Quite a strong rebound seen after the whole designated counters debacle. As long as it stays above 0.060 psychological support, more short term upside in placed.
Stop loss at 0.058 for long positions now.
NEWS – 30 September 2013
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