Yeah I notice the use of more antagonistic phrases in an attempt to provoke a reaction. It must be frustrating not getting one.
I've repeatedly posted that I would like to discuss technical analysis here. A point I thought was obvious, but one that appears to have evaded/lost on some despite being 'read carefully' haha
Anyway on technical analysis. I wish I knew more about support and resistance levels, I can see visually that the SP is approaching an important area that it's touched a couple of time. But am unsure if you use closing prices, or intraday highs and lows too? There's a price level in 2023 it touched but further back in 2021 there's support and around April 2021 it looks like a resistance level.
On volume, the recent falls haven't been on big volume (yet?). This suggests to me that there's not much increased/panicked selling. Looks like it closed right at the bottom of a Bollinger Band yesterday but that's bot an indicator I have used or have any experience with.
I'm also looking at daily ranges, they appear to be pretty consistent in size over the past 6 months, however as the SP falls this will appear to be a larger percentage move. This makes me think is volatility best measured as a range in dollar value, or as a percentage?
LYC Price at posting:
$6.31 Sentiment: Hold Disclosure: Held
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