YOJ

16.7%

7.0¢ yojee limited

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1ronnie

23,529 Posts.

2104

12/09/17

20:33

Post #: 27168927
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Originally posted by jasp ↑

Agree Tulip. You could really see this coming. Momentum had stalled and the numbers on the sell side had built up considerably so it wasn't all that surprising that there was a bit of a sell-off today. However, the sp bounced back strongly after touching 9.5c. I think the sp will consolidate and trade in that 10-12c range until we get a major announcement. Consolidation at this level isn't such a bad thing. Actually I read something yesterday from Port Phillip Insider that consolidation at new highs is often a prelude to further moves up. Here's the email (hopefully they don't mind me reprinting it here) :

Conventional wisdom dictates that you buy a stock when it is trading at a LOW…and then sell it when it goes higher. Right?

Problem is: Stocks are not like leather jackets.

If a leather jacket is $400 in December and you see it marked down to $250 in July, you could rightly assume that you’re getting a bargain.

Stocks are different.

You might watch a stock range between $15 and $40 over the course of a year, and then see it trading at $16, and assume it’s cheap.

Great value?

That’s actually almost never the case.

The opposite principle applies to T.I.M.E.D. stocks.

You never try to target the bottom.

Don’t even try!

You wait until a stock is breaking upward.

THEN you buy.

The most astute traders know that the perfect time to buy is during a period of consolidation…after a stock has just made a new high.

Seems wrong, doesn’t it?

But that is the essence of T.I.M.E.D. stock trading.

Phil and his team look for patterns of accumulation — and then a trigger — to get into any one stock.

High.

High.

BUY.

Expand

Indeed and $50m market cap is barely scratching the surface.

New rule- High High Buy! Buy high sell higher!

CAT is seemingly a great stock but look at the chart- making new lows, so the investors don't like what they're doing despite a great model and product they have.

The chart tells it all - we have support for this stock. The 1m on sale is not real - it is there so the price wont overshoot and the guy hoping to buy at 11c can get his block.

YOJ Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 7.0¢		Change 0.010(16.7%)		Mkt cap ! $19.25M

Open	High	Low	Value	Volume
6.5¢	7.1¢	6.5¢	$66.27K	974.7K

Buyers (Bids)

No.	Vol.	Price($)
1	26152	7.0¢

Sellers (Offers)

Price($)	Vol.	No.
7.1¢	6243	1

View Market Depth

No.	Vol.	Price($)
1	26152	0.070
1	39102	0.069
1	96774	0.067
2	12953	0.065
2	33100	0.062

Price($)	Vol.	No.
0.071	6243	1
0.074	1745	1
0.077	8000	1
0.079	6400	1
0.080	75437	2

Last trade - 16.10pm 13/09/2024 (20 minute delay)

YOJ (ASX) Chart

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