Yuuzoo after touching the low of 12.9 cents on 3rd Aug 2016 , it had managed to head higher and closed well at 18.1 cents on 28th Oct 2016. Couple with super high volume this is rather bullish.
Another positive point to take note is that it is able to conquer the strong resistance level at 17.8 cents and closed higher at 18.1 cents. This is rather positive.
Both Macd & Rsi are also rising in tandem together with this bullishness.
Short term wise, I think it may likely move up to test the next resistance level at 20/21 cents.Breaking out of 21 cents with good volume, that may propel to drive the share price higher towards 24.5 cents.
This is a ultra penny stock counter and it is always good to trade with extra cautious.
Always remember to set your stop loss price.
(trade base on your own decision)
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