Dear all,
Lynas has been dramatically punished along these months and specially last weeks. Dramatically hit due to short selling. amazing. Nobody could believe it.
Now LYC.AX seems extremely, extremely oversold.
I highly recommend MACD reading below.
http://www.investopedia.com/terms/m/macd.asp#axzz1ZHUOgcik
At certain moment, I don´t know if it s going to be thanks to any very good new comming from Malaysia, but a HUGE rally could be on the way. It could last some days and even share could fall a little more. But, when signal shows crossing moving averages, I don t even don t want to see what can happen.
Short sellers could have problems loosing a lot of money here. They succeded to full their pockets but, soon or later they will have to start to run out very quicky. Otherwise, losses for them would be also dramatic.
But this time because share could go to the moon. Scary but pleasant!
Maybe I am wrong but technical analysis give starting signals and I think is time to get in.
macd - technical analysis. time to get in!
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 (20min delay)
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Last
$7.64 |
Change
-0.160(2.05%) |
Mkt cap ! $7.178B | |||
| Open | High | Low | Value | Volume |
| $7.78 | $7.80 | $7.61 | $4.839M | 629.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 6398 | $7.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.64 | 554 | 8 |
View Market Depth
| Last trade - 11.46am 03/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |