Lynas is in consolidation phase with wait and see approach.
Retailers and LT investors who paid 8c are holding their shares for better times.
They saw our Big Mama coming out with recent update and bought (between 5.3 to 5.8c) and now waiting on her to deliver at the AGM.
Bank Of America who sold some shares at 6.8c and gave a chance for the shorters to drive the share price to 5.3c, took a positive note from our Big Mama and bought their shares back immediately after the announcement. Again, they are in a wait and see approach.
Some short sellers are closing their positions for fear of positive announcement at AGM.
I did expect green day today in anticipation of positive announcement from the free trade talks with China , however, they may save it for early next week.
The market threw the ball in Amand's court and AGM would be the true catalyst.
My opinions and thoughts.
Cheers
volume, page-6
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Last
$8.09 |
Change
0.070(0.87%) |
Mkt cap ! $7.561B | |||
| Open | High | Low | Value | Volume |
| $8.15 | $8.27 | $8.08 | $35.31M | 4.353M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7192 | $8.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.10 | 4833 | 2 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |