Investors tend to look beyond the bad news after a huge selloff (and shorting). So, if there is a chance of better performance 12 months down the track, the share price will stabilise and start moving up slowly. Even if LYC drifts lower, it will be a chance to buy more. But I doubt it will go lower and the short covering would give it a violent jump. Will see what happens in the next 4 weeks. If it goes back up to over 7, it will be likely to head back to 8+ than going down to under 6.
Where is it going from here?, page-12
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Last
$6.10 |
Change
-0.160(2.56%) |
Mkt cap ! $5.701B | |||
| Open | High | Low | Value | Volume |
| $6.14 | $6.16 | $6.02 | $31.69M | 5.119M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 23252 | $6.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.10 | 23221 | 2 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |