Not sure why everyone is so worked up about TemptingTrade (other than being a bit of a douche). I can't help but note the ghostly disappearance of said poster after a rebound today so who knows if they are serious or not.
But they are not wrong about Lynas being currently overvalued from a purely fundamental perspective (which of course ignores the intangible of market sentiment). TA - which arguably does reflect market sentiment to a degree, also suggests it is overvalued. Personally, I think it is a reasonably good short from this position with e.g. volume not backing current moves and the RSI diverging. The 7.80 support would be an obvious target. It would probably be a good sell from a long perspective as well is you had a shorter time frame and were looking to book profits.
It just depends on your trading goals and time frame. If you have a long term perspective on this stock (e.g. 5-10 yrs) then these daily/weekly price fluctuations mean very little. I am also dubious about a couple of posters on HotCopper being able to meaningfully move the price of a stock with almost 1 billion shares outstanding.
Just think this place should be a free exchange of ideas rather than an echo chamber.
Not sure why everyone is so worked up about TemptingTrade (other...
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.86 |
Change
0.200(3.00%) |
Mkt cap ! $6.412B | |||
| Open | High | Low | Value | Volume |
| $6.72 | $6.90 | $6.72 | $35.19M | 5.141M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1605 | $6.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.86 | 65562 | 5 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$6.86 |
Change
0.200 ( 3.28 %) |
||||
| Open | High | Low | Volume | ||
| $6.72 | $6.90 | $6.72 | 1399403 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| LYC (ASX) Chart |