Tuesday, August 21, 2012

Yoma - Going Trending or Range Bound?

On my previous post on Yoma, we saw yoma breaking the primary trend line for the long term which signals bearish on this stock. However the stock does not fall as we expected. As a technical guy, i usually dont ask why it happen this way as we know this is a game of probability. As the George Soros says: It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong. Ultimately we need to lose small, win big. 

Coming back to Yoma chart, right now for mid term, we see it as going sideways/ range bound with the support at 0.36 resistance 0.415. In longer term the price seems to be going back into the uptrend zone. Right now at the consolidation phase, its is either a accumulation or a distribution. My feel is a big move might come some day (I dont know when) but right now ART system shows upside bias. Will it break out from here?

Jim Rogers on Yoma

Jim Rogers on Myanmar