Last friday have achieve ultra high volume ever since IPO, what is the volume tell? Its about to meletup !! Remember this year Raya at JULY, YOCB will get very good business~!
@ Logic Trading Analysis, you are definitely a pro ! From now on, i am following on your blog ! Thank for the sharing.."My first Target price RM 1.30, second target price RM 2.0, long term RM 3.0 if result maintain good. "
Yoong Onn Corporation Bhd forms bullish "Continuation Wedge" chart pattern Jul 23, 2015
Recognia has detected a "Continuation Wedge (Bullish)" chart pattern formed on Yoong Onn Corporation Bhd (YOCB:MYX). This bullish signal indicates that the stock price may rise from the close of 1.05 to the range of 1.20 - 1.26. The pattern formed over 35 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.
Tells Me: After a temporary interruption, the prior uptrend is set to continue. A Continuation Wedge (Bullish) represents a temporary interruption to an uptrend, taking the shape of two converging trendlines both slanted downward against the trend. During this time the bears attempt to win over the bulls, but in the end the bulls triumph as the break above the upper trendline signals a continuation of the prior uptrend.
This bullish pattern can be seen on the following chart and was detected by Recognia proprietary pattern recognition technology.
CIMB TRADING IDEAS...DATED 23 JULY OLD BUT HELPFULL
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
blackdove
334 posts
Posted by blackdove > 2015-05-02 23:30 | Report Abuse
Director buy is good I think....but 22 lots???