It's not rocket science.
The future success of lynas lies with the price of rare earths. The prices on metal-pages continue to be poor as is the outlook.
If you believe that rare earth prices will continue to fall, then you should short the stock, otherwise go long.
Obviously many believe that rare earth prices will continue to drop, which is an understandable position to take given the reports in the market.
The potential for upside gain is greater than downside loss, but its impossible to predict if and when the market will recover. Much depends on the actions of china.
I know that many on this forum look for evidence of conspiracy theories, such as non disclosure of market sensitive information etc, but for mine, the fluctuations of the lynas share price seem to follow rare earth price sentiment very closely.
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Last
$6.40 |
Change
0.000(0.00%) |
Mkt cap ! $5.982B |
Open | High | Low | Value | Volume |
$6.47 | $6.48 | $6.34 | $20.28M | 3.161M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 12848 | $6.39 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.40 | 17965 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 3600 | 6.360 |
1 | 15000 | 6.350 |
2 | 260 | 6.340 |
3 | 4563 | 6.330 |
4 | 8665 | 6.310 |
Price($) | Vol. | No. |
---|---|---|
6.400 | 10000 | 1 |
6.410 | 24000 | 1 |
6.420 | 203 | 1 |
6.450 | 3291 | 2 |
6.480 | 2100 | 2 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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LYC (ASX) Chart |