YOJ trade ideas
YOJ:ASX - YOJEE LIMITED - 1500% logistics runnerHmmm. Surprised YOJ hasn't been on my radar much earlier. Had to go and have a better read of what they do, and from their about us it looks like they use AI and machine learning to solve more complex logistics type issues. They are past earning and the price didn't collapse. Looking at level 2 type data on Commsec buyers and sellers are pretty equal and there arent really any gaps in price so might keep these price levels. Worth a look.
Yojee (YOJ:ASX) is an ASX publicly listed technology company which has introduced new ways of working, communicating, and collaborating within the logistics industry. Yojee’s best-in-class logistics software utilises Artificial Intelligence (AI) and Machine Learning to optimise and manage delivery operations. Yojee can add value to logistics companies of all sizes at an affordable rate, on a transaction based fee model. We are here to empower small and medium enterprises with the ability to achieve cost efficiencies only the industry giants have enjoyed before, as well as to help large multinationals transition into the digital age seamlessly. (Source: yojee.com)
(ASX: YOJ) #Yojee Ltd LOGISTICS PLATFORM Play ?(ASX: YOJ) #Yojee Ltd
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Multi-year cup and handle pattern in formation - There is a textbook cup and handle pattern forming, which a beautifully rounded bottom. We are now at the handle stage, which is forming at the top of the cup. The handle could last for a few more weeks yet, but as it has already been forming for a month, a breakout soon is likely. Volume was low as the price retreated and remained low at the base, but increased dramatically as prices rose to form the cup.
Buy : Look for a breakout from the top trend line of the handle - at above 27 cents. Less aggressive traders should avoid buying upon breakout in case of failure, and should instead enter the stock once prices close above the top trend line and subsequently retest the upper trend line. However, there is a risk of missing the trade if prices fail to retreat.
Stop : Place a stop just below the upper trend line - at around 25 cents. More aggressive traders may wish to place their stops lower, at below the handle.
Target : 57 cents