I have a sizeable unrealised profit on this until today!
I see very strong potential with a lot of developments with the new plant in Australia, possible new plant in the US, geopolitics between China and the US and the West's drive to be less dependent on China. The blip is because of covid on the only plant they have in Malaysia. However, the chart of LYC suggests that if there is a big drop from a fairly high share price, it is likely to drop further before it settles and goes up again. Therefore, I put in STOP LOSS order to take profit while there is still profit in case it drops further. I will certainly buy back later if the order is triggered and I exit with a smaller profit.
Quarterly Results - due on Friday, page-44
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Last
$5.93 |
Change
-0.020(0.34%) |
Mkt cap ! $5.542B | |||
| Open | High | Low | Value | Volume |
| $6.04 | $6.04 | $5.93 | $23.75M | 3.975M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 128544 | $5.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.95 | 12481 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| LYC (ASX) Chart |