Wednesday, June 27, 2018

Yoma Strategic: Selling pressure may still continue... Price 0.36


Just last week, we spotted some selling pressure in Yoma with it approaching the key 0.400 level…


Trend indicators were all indicating more weakness and hence a breakdown expected…


It began testing that level with some buyers coming back but eventually it gave way too…


See targets that were drawn…




Over the past few days, we have seen more weakness with some bearish price actions


Downside may still be playing out as seen….  See where we are now below…


Cautious long… more for shorts…


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