LYC 0.00% $6.40 lynas rare earths limited

chart, page-36

  1. 556 Posts.
    Musashi, I don't wish to turn this into a FA v TA discussion as it's not appropriate in this forum, and has been gone over ad nauseum.
    As mentioned, I have no problem with charting per se and in fact I find it useful, if for no other reason, than it provides me with data that others use when making decisions to buy, sell or hold which may then influence my decision.
    In the case of Lynas, the current technical status would suggest the stock is in a LT downward spiral from mid last year.
    On a purely technical basis you would think that there is no probability as it stands today, for the stock to reach the highs of the past. On a fundamental basis there is no reason why it would not.

    I have no doubt that TA has and continues to work in your favour, and I find it a necessary adjunct to my decision making, but personally, I would not use it ahead of my own non technical analysis of the company.
    This is why the market is no unpredictable, there are so many versions of what we think will happen to a stock or the market itself, and the reality is no one knows.
 
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$6.47 $6.48 $6.34 $20.28M 3.161M

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No. Vol. Price($)
1 12848 $6.39
 

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Price($) Vol. No.
$6.40 17965 2
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Last trade - 16.10pm 12/07/2024 (20 minute delay) ?
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