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Juliac
Aug 5, 2020 8:33 AM

YOMA - waking up yet? Long

YOMA STRATEGICSGX

Description

YOMA has been trading in a symmmetrical triangle pattern for 5 weeks now. A symmetrical triangle pattern is generally a "trend continuation" pattern (of the prior trend which was up in this case). Hence I would give it another few days to a week to see if it could break up with renewed momentum.

Long @ 0.300-0.305 with initial stop @ 0.29

Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
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