Like your thinking, it's the inverse of what I said at 2.60 and follows the old maxim of sell when everyone is buying and buy when everyone is selling.
One of the clearest buy signals was all the declared LT holders, until death do we part, that sold down or out last week.
From a FA perspective you'd have to think it's around good value if you have any confidence that LYC will be in steady state production in the next 12 months.
The charts are indicating oversold but IMO while the SP stays under 2.30 the lower targets remain valid. We are almost back in that 1.90/2.10 area that held the SP after the early Jan correction, before a final sell off, so maybe we'll see something similar play out.
Volume is probably the key next week but I like Han's expressions - "volatile" & "fascinating".
- Forums
- ASX - By Stock
- LYC
- lynas, a value investment...
lynas, a value investment..., page-18
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LYC (ASX) to my watchlist
(20min delay)
|
|||||
Last
$7.72 |
Change
0.020(0.26%) |
Mkt cap ! $7.216B |
Open | High | Low | Value | Volume |
$7.74 | $7.82 | $7.64 | $4.068M | 527.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
28 | 5341 | $7.71 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.72 | 2 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
25 | 4544 | 7.660 |
20 | 11527 | 7.650 |
17 | 16201 | 7.640 |
10 | 4937 | 7.630 |
10 | 4727 | 7.620 |
Price($) | Vol. | No. |
---|---|---|
7.670 | 6049 | 23 |
7.680 | 12684 | 25 |
7.690 | 6601 | 14 |
7.700 | 9639 | 10 |
7.710 | 4523 | 11 |
Last trade - 13.08pm 21/10/2024 (20 minute delay) ? |
Featured News
LYC (ASX) Chart |
The Watchlist
LGP
LITTLE GREEN PHARMA LTD
Paul Long, Chief Executive Officer
Paul Long
Chief Executive Officer
SPONSORED BY The Market Online