Dear Holders I have been asked by Holdtight and Big_Buddha117 to compare YOJ to some other Companies with similar charts like WBT.
The charts above are 3yr weekly charts that are very useful to long term holders, my preferred investment method. I won't be comparing YOJ to other companies other than to say any comparison would be favourable.
Technically this is a very normal chart setup IMO for a disruptive tech stock in the process of what I believe to be creating its own market niche much like Updater did and continues to do as YOJ reminds me of UPD a lot. It was no surprise to find Thorney Technologies as a substantial holder of YOJ given its extra substantial holding in UPD.
The top chart is a block volume chart which I find an excellent visual guide to trend strength in both up and down trends. The large weekly buying followed by low volume sideways consolidations all the way to 29c top shows a strong trend. That up trend lasted 25 weeks and an orderly retracement down to 16.5c has lasted 8 weeks. It is probably too early to call it over just yet but 4 weeks of action around the 17-18c region showed plenty of buyer interest IMO. Will be interesting to see if Fridays buying shows any follow through this week.
I have been watching YOJ since
@Holdtight (thx mate) alerted me to its chart. I am impressed with their achievements so far but realize there is much more to do. The value proposition creates a win,win,win in my mind so selling and executing appears the only roadblock. Chart is telling me investors see the same thing.
The vertical coloured lines signify the beginnings of positive Money Flow with 21 day (thin black line) going above "0" then the 100 day(thick black line) also going above "0" signalling accumulation. Pink line is when price breaks through the 200day MA and the green line is when the 50 day crosses the 200day MA. This scenario happened to YOJ mid last year but it failed immediately. This time it is signalling the real deal IMO.
The Money Flow indicators have retreated below "0" by a small margin but rebounded Friday. These should be watched closely over the next few weeks as it is the only weakness evident atm.
(20min delay)