Following Up from previous sell call, Yoma has indeed traded lower hitting a low of 0.675 yesterday before some technical rebound seen today. DO NOTE that currently it back to the Neckline support level at 0.67-0.675 which has held Since DEC 2012. This is quite a critical support level to watch and any BREAKDOWN from this horizontal support level can lead to more down side to 0.58 then 0.50. CAN consider CFD SELL positions if it does occurs to ride the downside. PROTECT your long position for those who are still holding this counter if it does breakdown. Only the upside breakout of 0.735 will invalidate our bearish scenario, in this case a recovery should shape towards 0.80.
Sent: Thursday, June 26, 2014 9:34 AM
Subject: *********************** Bearish Setup: Yoma Strategic - Broke immediate 0.76 support.......
Subject: *********************** Bearish Setup: Yoma Strategic - Broke immediate 0.76 support.......
CFD SELL Entry: 0.74 to 0.755
Target: 0.700 then 0.68
Stop loss: 0.78
Reason: Has formed lower highs since beginning of June and have broke the 0.76 one week support level further on top 10 volume.
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