Observed some heavy bites bites in Yoma while the market was slow and weak yesterday. Even today as the market rebounded, the stock once again experienced the same powerful bites which could be some big boys trading the stock. See the time and sales, the bites were one chunk at one particular timing while although the follow through were not there, still the stock maintain it's posture during this down turn. The chart is currently in a trading range now which could be some accumulation? It looks like it might moved towards the 0.39-0.41 range.
I know it's an old news but some Tokyo firm took a 20% stake in this stock and it might be a start of something bigger? Only time will tell but it's a stock to watch out for.
https://www.theedgesingapore.com/tokyo-century-acquire-20-stake-yoma-fleet-36-mil
Update: 4/6/2019, 3:08pm
Yoma just released a news on potential growth. DBS gave a buy call in the write up. No wonder the stock jerk up suddenly today.
https://www.theedgesingapore.com/yoma-well-placed-tap-myanmars-potential-economic-growth-says-dbs
Ronald K - Market Psychologist - A Stock Market Opportunist
