Hi Lance, good stuff, guess a suckers rally was always on the cards today with Ongkili definitely hoping to have to make a decision by today :) Only really saw one worthwhile long trade today and it's one of my favourites. Basically price goes sideways and volume accumulates in a tight range (building a cause). Then supply dries up and you buy the break out if its on high volume. The high volume accumulated in a tight range acts as support and also means your initial stop is very tight just below the range. Obviously doesn't look like the greatest lead for tomorrow with the daily bar closing lowish, but could be absorbing some of the supply from recent days too.
once more unto the breach, page-28
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Last
$6.32 |
Change
-0.035(0.55%) |
Mkt cap ! $5.893B | |||
| Open | High | Low | Value | Volume |
| $6.34 | $6.35 | $6.29 | $3.942M | 624.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 57 | 15827 | $6.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.32 | 6797 | 36 |
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| Last trade - 12.30pm 16/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |