Australian (ASX) Stock Market Forum

Pretty much how I saw it Greg …. Big rise, huge Volume ….. Company is making positive statements …. has to be watched ….

YPB Group has come back on my radar today. It is currently up 23.53% to 2.1c.

Volume has picked up substantially since the announcement of 24 August as you can see from the chart below. However, the share price hasn't gone anywhere. I can only assume that there are a lot of sellers eager to get out of YPB, but the increase in volume must be driven by buyers as the news since 24 August has been positive. Someone is getting on board and is soaking up what appears to be a plentiful supply at current levels.

If the high volume continues and positive news keeps on coming, you would have to assume that the sellers will eventually dry up and we will see a larger move north?

big.chart-YPB.gif
 
On August 7th, 2024, YPB Group Limited (YPB) changed its name and ASX code to Codeifai Limited (CDE).
 
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