A few comments with respect to Lynas:
1. Market Depth
- only the first 5 or so rows are relevant (it is pointless looking at total market depth ... many of the bids / asks shares out wide have no intention of trading (the total market is currently skewed towards the bid, but the first 5 slots are skewed towards the sell ATM)
- on Lynas depth doesn't mean much as many big traders only trade at the market (they don't leave big orders sitting visible in the queues)
- the only time depth is always relevant is during pre open and especially during CSPA - where there is no such thing as at market
- if there is a large skewing and the trading is going in the opposite direction (ie against the tide) it is a great indicator of mechanised accumulation / selling going on
2. Price range
- the price range at the moment is very tight for Lynas
- corresponds with a congestion pattern
It still looks set for a breakout especially with the low volume as well and there are too many fundamental good points to go with it.
note: as someone else has mentioned a selloff of Molycorp may come from left field and be read as a rare earth selloff for a short while
Anyway that's enough rambling please DYOR - as each person trades differently
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Last
$6.92 |
Change
-0.020(0.29%) |
Mkt cap ! $6.468B |
Open | High | Low | Value | Volume |
$6.95 | $6.97 | $6.87 | $16.72M | 2.418M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5820 | $6.92 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.93 | 15020 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 6.840 |
1 | 430 | 6.820 |
4 | 2400 | 6.800 |
1 | 30 | 6.760 |
2 | 3400 | 6.750 |
Price($) | Vol. | No. |
---|---|---|
6.950 | 1000 | 1 |
6.970 | 599 | 1 |
6.980 | 15330 | 3 |
7.000 | 10409 | 3 |
7.010 | 2200 | 1 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
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