Plenty reasons for the selldown. Fresh covid cases and lockdowns in China, some near the Yangtze delta auto manufacturing area, recession fears, interest rate hikes, supply chain disruptions/shortages causing auto manufacturing disruptions in Japan, China and elsewhere, energy crises in Europe and elsewhere due to Putins war. All of these would put a dent in demand. However, the future still looks very bright for Lynas because of all the reasons we investors already know. Short term pain yes, but even those who need to sell now for their own particular reasons/circumstances, should come out of it with a nice profit unless they bought at recent highs. For me it's a longer term hold for good rewards.
Technical, page-1351
-
- There are more pages in this discussion • 1,328 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.25 |
Change
0.080(1.30%) |
Mkt cap ! $5.841B | |||
| Open | High | Low | Value | Volume |
| $6.25 | $6.26 | $6.17 | $15.83M | 2.513M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 18985 | $6.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.25 | 53073 | 5 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |