Does have a bit of a C&H look about it, Mr S. can you, or someone do up a chart to demonstrate? What's the ST PT based on that?
@h00ts , here's an updated 12m chart. The most recent high of 14.2c is about to roll off, but it's the dominant feature of the LYC chart for a while yet, I should imagine, as it was the culmination of a move from 3c in short time last year. So based on that, do you want to revise your thought that 11c is an "obvious target"? 14c sounds better! Or the gaps to 19c or 29c! I suppose it depends on what you mean by "obvious target" - you obviously don't mean it's going straight there based on this current bullish move? Are you talking about over say another 12m period?
I suspect the move above the Bollinger Band range while not showing Overbought on RSI is a little similar to what we witnessed on KAR recently, where it just carried on making higher highs until the Bollinger Band range caught up. Trading above that famous 195EMA and all...
PS looks like the DT from last year has had a wardrobe malfunction.
LYC Price at posting:
6.8¢ Sentiment: Buy Disclosure: Held
