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...

958 Interview June 28, 2018: Wallstreet is just using "Trade War" as an Excuse for the Fall! (Translated to English using Google Translate)

          Wallstreet is just using "Trade War" as an Excuse for the Fall! Last night Dow Jones fell 165 points to close at  2...