Friday, July 27, 2012

I get worried after looking at Yoma Stock Chart

Though I am not the shareholder of Yoma but i still feel quite worried about this stock, because we know that this stock has gone crazy few months back. I believe that a lot of retail investors has gone in to invest in this stocks. From my experience, it is always good to limit your losses for any trade in the market, no matter how good the story is.

Now the golden question is, is the trend going up or down? Our ART Position trade system give us a warning sign for mid term(signal to short it actually). It will trigger Short if the next candle goes below the previous day low. This stock can move 20% easily in a short run, so if u are shorting pls make sure your stoploss is also at a good distance E.g 0.40 and 0.43
We see today's intra day chart Yoma stock price has break the previous day low of $0.37. and the trendline also has been violated. Lets keep watching on this "popular stock"