Wednesday, 6 June 2012

QE 3 rally or dead cat bounce ? 3 charts : Yoma , Gold , Kepcorp



Yoma selling plan -  to take half profits at 43.5 (  8 jun update --  sensing strong supply at 43 yesterday morning ,  i sold 2/3 of my yoma  soon after  open  yesterday 7 jun  at 41.5-42     - see order book below-bottom most pic   ) and then progressively sell remainder   towards 15 jun - last day of rights trading  and for those with guts towards  22 jun , last day of rights share subscription --  Note Greek elections is 17 June   
see today's chart immediately below and compare with yoma chart from  2 post ago 31 may : " Riding on  yoma rights"





31 may yoma XR - adjusted chart above

29 may yoma pre- XR chart above


QE3 ? Gold breaks out ! entry = USD 1620,  next target -- USD 1640( taken half profit at 1640 n other half stopped out at 1620  updated 7 jun 2012  )  then 1650 per oz



Kepcorp bounced off my 2 recent bottoms ( $9.90 & $ 9.90 ) with some precision though I made a bad call for a dead cat bounce  to $10.50 recently 
see chart immediately below from  8 may post  and  today's chart -  bottom most chart - of course this does not preclude more deeper bottoms to come as european crisis gets worse  




yoma sale done on 7 jun  - updated on 8 jun







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