Tuesday, December 4, 2012

Yoma (technical)

Yoma: UOB Kay Hian has Technical Buy call with $0.80 TP. House note that the stock looks poised to break above its recent all-time high of $0.70 as prices are trending well above its mid Bollinger band and 35-day moving average. Instead of forming a potential bearish crossover, the MACD indicator appears to be hooking up and it is well above its centreline. RSI has turned up as well. Stops could be placed at below $0.67/0.64.

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