Thanks for your chart! Lynas has always tended to move in a channel in whatever trend happens to be blowing. I have no charts to back this following statement up with but I believe it to be true. The main gust blowing the chart is the NdPr price, it's the underlying driver of Lynas SP and does not get as big mention here as it should, we tend to focus on other more exciting issues as they come up. These other issues do buffet the SP as they occur, the two exceptions to this were the result of the last election which started a general fall in SP as it was realised the effect this could have on Lynas as Kitty, Wrong and Fuzzynuts actually got in to power. And the WES takeover announcement which caught everyone, including shorters with their pants down.
With issues resolved now and the NdPr price climbing/stabilising higher this recent uptrend channel you have shown will continue in my view. It will continue its march upwards for the next six months culminating in the confirmation of Lynas permanent licence. The SP may waver over PDF issues or expansion announcements but I believe that NdPr will continue to strengthen and underpin the SP.
- Forums
- ASX - By Stock
- LYC
- Today's chart & trading
Today's chart & trading, page-2143
-
-
- There are more pages in this discussion • 126 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
SKS
SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne
TLX
Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug
Add LYC (ASX) to my watchlist
|
|||||
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) ? |
Featured News
LYC (ASX) Chart |