STT COMP YPB, TA LONG
YPB Group Ltd (YPB) $21.2mil m/c, $3.1mil cash
Anti counterfeiting technology co based in Sydney
Technically the chart has shown the following characteristics:
- Long and steady down trend from $0.40 in October last year
- Large (comparative) volumes entering the stock in the last 3 out of 4 trading sessions
- Hammer on the 27/7 at the bottom of a down trend signalling rejection of lower prices
- Last 3 trading sessions have seen higher highs and higher lows
The combination of the above traits may signal that the chart is going to start to turn upwards
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