LYC 0.26% $7.67 lynas rare earths limited

nice bounce off $1.90, page-6

  1. 5,801 Posts.
    lightbulb Created with Sketch. 96
    What I find interesting is that the Course of Sales is showing intense bot activity, and the sell bot keeps nudging the price down in half-cent steps, and is currently winning the battle.

    But there is at least one buy bot that is mopping up everything. Somebody is accumulating as the price gets pushed down. Or they're short covering.

    This is a big tree-shaking exercise going on by the big end of town. And the lemming-like followers of Citi, who put a Sell on LYC with a valuation of 1.80 ( I think) will be selling too.

    For those of us who have average buy prices in the low 40c range, the day to day volatility is just noise. As has been pointed out, absolutely nothing has changed on the fundamentals of either the company or the world REE scene. If anything, the demand side will increase faster than the supply side.

    Unless you bought at high prices, I'd be holding tight.
 
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Last
$7.67
Change
-0.020(0.26%)
Mkt cap ! $7.169B
Open High Low Value Volume
$7.72 $7.94 $7.50 $23.53M 3.062M

Buyers (Bids)

No. Vol. Price($)
1 10000 $7.65
 

Sellers (Offers)

Price($) Vol. No.
$7.68 16724 2
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Last trade - 16.10pm 08/10/2024 (20 minute delay) ?
LYC (ASX) Chart
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