Thursday, December 19, 2013
Yoma
Yoma: has been whipsawing around the 20 and 50 day moving averages and is trading range bound in a symmetrical triangle pattern. The key indicators have also flatlined and offer little trading direction.
Watch for a breakout above the $0.75 or below the $0.70 levels for the next directional clues .
On a bullish break, see $0.80 (near the 200 day MA) as a near term cap.
A bearish break could signal the resumption of a longer term downtrend. Initial support at $0.67 followed by $0.60
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