The euphoria of the surprise move by the RBA today has flowed onto YBR. The first close above the upper line of the of the descending triangle. Sales @ 63c., or higher, and a retest of the 60c. over the next few trading days would be a bullish sign. A move above 15 on the ADX would also be a prompt to start accumulating. I note with interest NAB, WBC and CBA passed on the reduction IMMEDIATELY. The flexibity of the YBR package offering to compete, and also grow market share, will obviously be reflected in the share price.
YBR Price at posting:
58.0¢ Sentiment: LT Buy Disclosure: Not Held
