Heading towards 0.300 ? Congrats to those who managed to lock in some short positions previously…..
Sent: Tuesday, August 04, 2015 9:21 AM
Subject: ******** Yoma Strategic: Breaking the 0.40 - 0.41 support level can see more weakness.... price 0.400
Subject: ******** Yoma Strategic: Breaking the 0.40 - 0.41 support level can see more weakness.... price 0.400
Yoma has traded lower over the past few trading days in line with the market and has crossed below the 0.41 level which was holding for about a month. Might head towards the 0.385 low that it rebounded from in March. Note that any clearing of 0.38 – 0.385 buyers can open the way for it to find a new low to 0.300 in the short term. A Descending triangle pattern formed and breakdown spotted which is not a good sign. Cautious long, CFD SELL can be used to ride any weakness below 0.38.
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