LYC 0.63% $6.44 lynas rare earths limited

Pullback is good for a little breathing space?, page-30

  1. 5,800 Posts.
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    Many people seem to be missing my point.

    @jasmac: Yes indeed - a healthier climb would be for it to make a higher low. And from the charting point of view, it should really drop back to 10c, test it there, then bounce up and away again. That would be the ideal.

    @Drcam1969: Of course the drop to 3c was a concern. But now we're in a different context - a new uptrend. And even with all the fundamentals as you quote, a healthier trend is still one that zigzags, rather than shoots for the skies. You would have far more chance of getting your money back, and possibly even a profit, with a good, steady, long term uptrend over weeks or months.

    You say "Let it fly".  I'm saying DON'T let it fly - let it climb gradually. That's my point. Share prices that fly are the most likely to come crashing back to earth. Those that climb steadily are the ones that end up making the good long term profits.

    OK - I've hammered my point enough, I'm sure. If anyone is still missing my point, then so be it.  However, I see that as I type this, the sell side numbers are building, the buy side is gently receding, and the price looks like it may be a red candle day.  Which is good in my book...!
 
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