YAM yamarna goldfields limited

will it bounce once it hits 1.3?, page-10

  1. 15,276 Posts.
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    re: trend intact...just! Not the finish I was hoping for...

    But still within the upwards trend for now...but only just.

    It can't fall through 1.2, or it will be doomed to re-test lower support levels...if it hits 1.2c and bounces strongly however, or simply props there on low volumes, this will be viewed as a positive sign and an indication that the trend is still in place.

    Volumes today were the lowest in recent times, which is another good sign for a down day...if we see it trade into 1.2c tomorrow, I would be expecting the volumes to be even less.

    As always, such stocks require on the fly assessments...even so, one should not loose touch of the bigger move afoot...LOL...if in fact there is one?

    I gave a little back to the trading gods today...but still up some 5 points for the trade...also picked up a few at 1.4 and 1.3c today and will be buying again tomorrow if the sellers show any signs of hesitation.

    If it falls through 1.2c on volume however, more than likey I will be liquidating my positions.

    Cheers!
 
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