Strong daily divergence on the stochastics and a textbook bullish engulfing candle from yesterday's trading has this set up quite nicely for the short term. For the longer term structure of the chart, it is important that a higher high is put in, so a break of $1.125 is the key. It closed right on the 50EMA so that will be the first hurdle to get over when this opens back up.
When push comes to shove, I think the majority on HC is hoping for Lynas to get the TOL issue, even if we don't all hold stock. The way the Malaysians have treated this company is pretty appalling in my opinion, and Lynas deserves a lot better treatment than what they've been getting.
But hey, I don't hold any stock so what do I know!
LYC Price at posting:
$1.02 Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)