Yoma: Technical Buy call by CIMB. House note that stock broke out of its bullish wedge pattern last week and prices climbed above its 30-day SMA. Expect this breakout run to continue towards the old high of S$0.575.
Technical indicators continue to show bullishness with its MACD just confirming its bullish crossover and RSI pushing above the 60-pts mark. The stock is a buy and any weakness should be viewed as a chance to accumulate. Keep a stop below S$0.40, the recent swing low. Minor resistance is seen at $0.50.
No comments:
Post a Comment