LYC 2.09% $6.09 lynas rare earths limited

Open and close price on Monday, page-15

  1. 26,944 Posts.
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    Open: NFI
    Close: NFI

    it is Memorial Day in US on Monday, maybe low volume day trading ahead, who knows/cares? Here’s some Fib levels instead on the Up Channel chart... SP hit the top of the channel neatly on Friday, but as mentioned, it gapped up and it won’t be the worst thing in the world to fill that back quickly and the upper B.Band level was $2.036 with 70% RSI at $2.10, so it was certainly a little overbought on Friday and likely to consolidate back below the 50% Retracement (NB Fib levels aren’t hard lines like support/resistance) before moving up more comfortably into the 50-61.8% Fib zone when the Up Channel is good and ready to take the SP with it. (If the gap doesn’t fill quickly, I would suggest it’s a potential accident waiting to happen and maybe it will move too quickly up towards the top of the 61.8% Fib (another old gap around there to $2.34 btw) and maybe that’s as far as it gets before tumbling back towards the $2.03 gap, but by that time it could be outside the bottom of the Up Channel and it may head even lower, ending the uptrend.) If it proceeds in an orderly fashion within the Up Channel it can then carry on to fill another gap above at $2.54 towards the 76.8% Fib level around $2.70 anytime around 10 Jul - 14 Aug

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    Last edited by CEOChair: 24/05/20
 
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Last
$6.09
Change
-0.130(2.09%)
Mkt cap ! $5.692B
Open High Low Value Volume
$6.12 $6.21 $6.09 $15.72M 2.568M

Buyers (Bids)

No. Vol. Price($)
6 52453 $6.08
 

Sellers (Offers)

Price($) Vol. No.
$6.11 8000 1
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Last trade - 16.10pm 30/07/2024 (20 minute delay) ?
LYC (ASX) Chart
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