Friday, 23 November 2012

Singapore Stock Tip: Yoma consolidating but professional $ still around

Dear Friends,

We did say that Yoma hit our target at $0.70 and our advise is to exit at that price or when it cannot stand above $0.67. It went according to plan as today you can see it drop a bit and close at $0.66.

Check out our article:
http://www.danielloh.com/2012/11/singapore-stock-tip-yoma-hit-our-target.html

But, having said that, we also know that Yoma is a good company with a story behind. Today, I saw that though it drop a bit, (although we exited position), we saw that professional money may still be in the stock.

We are still monitoring the progress.

A few scenarios might occur:

1) If the stock goes back up to $0.695 within 2 weeks from now, there is a high chance that he stock might breakout off $0.70. $0.695 may be a good entry point.

2) If the stock consolidates for more than 2 weeks, we will look at $0.71 as the entry point upon breakout or when it consolidates in a base.

3) If we find out the professional money leaving, then bye bye...

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