There are different people on the market. Some are investors, some are traders. Everybody makes its own decision however in the current trading conditions it is not a good idea to try to catch the stock at the current support level of 13c or previous support level of 12c.
If the price goes lower then these people will be in a loosing situation. Look for example for the SP of AMP what has actually happened with the stock for the past 3 months so people trying to pick up stock low in a few days were in a loosing position. My philosophy in this regard is simple: "Today it is cheap tomorrow it will be cheaper". I entered the YOJ stock based on the chart and as you mentioned due to a number of large buyers at the end of the last week who drove the price up. I am a trader taking positions from a few minutes to up to several months depending on the SP behaviour. Unfortunately fundamentals are not working for me. Even with the fundamentals, opinions of different experts on a particular stock can be opposite. For example, one of them is Telstra. Some experts are saying to buy, other are saying to sell but the chart shows everything.
irynka
YOJ Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
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