Shares & Derivatives
The Tale of 2 Stocks
By healthytrading  •  April 5, 2012
Yoma has been on the horizon of many traders and investors since last December, tracking the rise of Myanmar in the international arena. Coupled with the market bull run, Yoma has been enjoying a tremendous surge in its stock prices since December. Is the bull run ending? It does not seem so.
Technically, there is a breakout today past the all time high in January. This is coupled with a strong buying volume. MACD has been treading up together with RSI. Very healthy rise yet again after taking a short breather over the last 2 months especially February.
On the weekly, the stock has been increasing in volume clearly and MACD has staged a rebound and is treading upwards again. Although some caution to note is the RSI in overbought region. However, it is still of little concern to traders lately and it has been above 75 almost for ...
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By healthytrading
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