Yeah I dunno buddy but it looks like the price is going up to me...
Maybe I'm just a simpleton but the gap up this morning and the support at the 68.5c price level must have scared the bejesus out of the short crew.
Is gapping up over resistance not one of the methods the smart money use to lower the amount of energy they need to drive the SP up?
And we have seen it gap up a couple of times to take out resistance levels so maybe the "smart money" want it back up.
You would kind of think that given the volume and support although there may be "hidden selling" in there right???
Right now any short play below these levels is a loser and IMO we may see the 75c mark by the end of the week or sooner based on these trading patterns.
Anyway wait for the HL mate, it will come at some point no doubt. Then you and funky will have your "low risk" entry.
If we get an announcement on a customer contract for product then that may make it significantly higher than these levels though.
I reckon that will gap it significantly because earnings can be calculated and PE ratio used to value the SP.
Good luck buddy. I'll keep holding.
LYC Price at posting:
68.5¢ Sentiment: LT Buy Disclosure: Held
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