LYC is sitting on an important uptrend line from march 09 this in theory may provide some support. My thoughts is that it would probably not act as a strong counterbalance.
The XAO and Dow both technically weak so i am cautious to trade only short term. But not as gloomy as some, but it is week so I respect.
For the old codgers Blumenthal chart value for LYC is sitting around 80.5 to 82.
Would probably like strong confirmation before getting into the swing of things.
Price down around 15% so has been a successful chart call.
79 and 69 would be some areas of interest remembering the real accumulation occured between 50-59c
Regards RM
SJ check the cheeky flag on RMS nice accum locking in tomorrow. couldnt be bother posting on multithreads one cheerleader factor is enough on cyber. The E may be interesting again I am hopeless at it.
chart musings, page-74
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Last
$5.96 |
Change
-0.090(1.49%) |
Mkt cap ! $5.538B | |||
| Open | High | Low | Value | Volume |
| $5.93 | $6.07 | $5.88 | $18.27M | 3.071M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 29456 | $5.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.97 | 9960 | 28 |
View Market Depth
| Last trade - 12.01pm 23/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |