Yoma
Been looking at Yoma for the past few days.
My thoughts for Yoma : Very speculative counter, but could potential reap more rewards.
Both OCBC and DBS has issued buy call on Yoma, @ with fair value at 45 cents and 60 respectively.
Before DBS released its result, Yoma went up crazily from 44.5 cents to 48 cents closed.
The next day, we saw DBS issue its buy call on Yoma.
I have been trying to get my client's attention for this counter when it was trading around 40 cents.
On hindsight, accumulation was seen around 37-38 cents, the first wave. 42-43 cents in the second wave.
Perfect textbook accumulation.
Why didn't I get in then? I was not confident enough and also because of the nature of my job, it restricts me. Still exploring a good trading technique using VSA. Excuses...
Anyway, my take for Yoma : As long as price maintains around this current level of 54.5 - 55.5 cents for the next few days. We might see the last wave of Yoma explosion.
Things to take note is that, Yoma was gapped up today. Something that I dont like and this could be done on purpose for more selling, the end of the buying climax.
Update on yoma @ 3:43 pm
Looking dangerous, especially with 2 levels being cleared at 58 cents and 57.5 cents within 30 seconds.
My thoughts for Yoma : Very speculative counter, but could potential reap more rewards.
Both OCBC and DBS has issued buy call on Yoma, @ with fair value at 45 cents and 60 respectively.
Before DBS released its result, Yoma went up crazily from 44.5 cents to 48 cents closed.
The next day, we saw DBS issue its buy call on Yoma.
I have been trying to get my client's attention for this counter when it was trading around 40 cents.
On hindsight, accumulation was seen around 37-38 cents, the first wave. 42-43 cents in the second wave.
Perfect textbook accumulation.
Anyway, my take for Yoma : As long as price maintains around this current level of 54.5 - 55.5 cents for the next few days. We might see the last wave of Yoma explosion.
Things to take note is that, Yoma was gapped up today. Something that I dont like and this could be done on purpose for more selling, the end of the buying climax.
Update on yoma @ 3:43 pm
Looking dangerous, especially with 2 levels being cleared at 58 cents and 57.5 cents within 30 seconds.
Comments
Post a Comment