YBCC, Inc. (YBAO) Expected to Move Higher
Overall, the bias in prices is: Downwards.
Note: this chart shows extraordinary price action to the downside.
By the way, prices are vulnerable to a correction towards 0.25.
The projected upper bound is: 0.31.
The projected lower bound is: 0.15.
The projected closing price is: 0.15.
During the past 10 bars, there have been 1 white candles and 1 black candles. During the past 50 bars, there have been 7 white candles and 5 black candles for a net of 2 white candles.
A gravestone doji occurred. This often signifies a top (the longer the upper shadow, the more bearish the signal).
A rising window occurred (where the top of the previous shadow is below the bottom of the current shadow). This usually implies a continuation of a bullish trend. There have been 15 rising windows in the last 50 candles–this makes the current rising window even more bullish.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 21.1978. This is not an overbought or oversold reading. The last signal was a buy 0 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 44.95. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. (*ERROR*: Function did not return a value)
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -59. This is not a topping or bottoming area. The last signal was a buy 0 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 9 period(s) ago.
Rex Takasugi – TD Profile
YBCC INC closed up 0.030 at 0.150. Volume was 4% above average (neutral) and Bollinger Bands were 39% narrower than normal.
Open High Low Close Volume___
0.150 0.150 0.150 0.150 5,000
Short Term: Neutral
Intermediate Term: Bullish
Moving Averages: 10-period 50-period 200-period
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
YBCC INC gapped up today (bullish) on normal volume. Possibility of a Runaway Gap which usually signifies a continuation of the trend. Four types of price gaps exist – Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance.
Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of YBAO.PK at a relatively equal pace (neutral). Our trend forecasting oscillators are currently Bullish on YBAO.PK and have had this outlook for the last 4 periods.