LYC 2.86% $6.11 lynas rare earths limited

descending triangle target 29.5c, page-44

  1. 22,593 Posts.
    btw cheers botfodder

    for anyone interested heres a bit more info on this particular 'pattern', which can also be bullish, also it has less of a success rate compared to its cousins, the symmetrical and ascending

    progel, would also add, be careful around any of this companys annoucements, especially the so called good 'FA' ones, as they are quite often simply traps for any new buyers, proof is in the pudding, also be careful of the rampers here, they can be very astray on all ocassions

    Lastly, over the last 4years the closing price near this period LYC has had prices of 54cents (2009), $1.62 (2010), $1.16 (2011), and atm 60cents

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    http://www.investopedia.com/terms/d/descendingtriangle.asp#axzz2FqmatsNW
 
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