Head & Shoulders formation on the chart points to a possible retracement to as low as 41c. Having closed below the significant (and obvious) support line @ 60c. on two consecutive days, the price action on the third day was confirmation that the price would move lower. The fundamentals on YBR are very promising, and having sold out at higher prices, I intend to start accumulating again at around 46c. Whatever price turns out to be the retracement low, if the fundamentals remain on track, YBR should move toward the magic $1 price tag in the next 4/6 months.
YBR Price at posting:
51.0¢ Sentiment: Buy Disclosure: Not Held
