STT COMP YPB, TA LONG YPB Group Ltd (YPB) $21.2mil m/c, $3.1mil...

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