It's just fun... I'm a holder neither seller nor buyer but I like seeing the emotion when stocks retrace.
Always same arguments
Big guys selling, Bots manupulation etc etc etc
In reality it's just a retrace like all stocks do. If it goes up hard then she comes down hard. Then consolidates itself at a level before either moving higher or lower. If you believe in the fundamentals then hold. If you don't then today would be as good a sell day as any.
On a TA basis the bid side is still much higher than the offer. That tells me that at least at the moment the consolidation is most likely to the buy side. But sometimes the game changes.
The rally through $2.03 this morning also means the buyers are strong. Enough of the Day Traders that bought at $2.30 will sell out somewhere here and up she goes (Assuming the bid side remains strong).
All fun
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Last
$6.40 |
Change
0.000(0.00%) |
Mkt cap ! $5.982B |
Open | High | Low | Value | Volume |
$6.47 | $6.48 | $6.34 | $20.28M | 3.161M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 12848 | $6.39 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.40 | 17965 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 3600 | 6.360 |
1 | 15000 | 6.350 |
2 | 260 | 6.340 |
3 | 4563 | 6.330 |
4 | 8665 | 6.310 |
Price($) | Vol. | No. |
---|---|---|
6.400 | 10000 | 1 |
6.410 | 24000 | 1 |
6.420 | 203 | 1 |
6.450 | 3291 | 2 |
6.480 | 2100 | 2 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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LYC (ASX) Chart |