Hmmm. Surprised YOJ hasn't been on my radar much earlier. Had to go and have a better read of what they do, and from their about us it looks like they use AI and machine learning to solve more complex logistics type issues. They are past earning and the price didn't collapse. Looking at level 2 type data on Commsec buyers and sellers are pretty equal and there...
Breaking out above the 3 month downtrend and closing at .061 above the previous .060 resistance. Volume is rising and Double bottom at .055
Today candle is looking great for the start of a reversal .
A clear downtrend for YOJ. This stock is positively correlated to cryptos market. The bearish trend can be explained by the sharp fall on BTC price that's been going on for months.
I expect a short rally although my educated guess is that it will be short lived.
There is a textbook cup and handle pattern forming, which a beautifully rounded bottom. We are now at the handle stage, which is forming at the top of the cup. The handle could last for a few more weeks yet, but as it has already been forming for a month, a breakout soon is likely. Volume was low as the price retreated and remained low at the base, but increased...
