LYC 0.00% $6.40 lynas rare earths limited

once more unto the breach, page-49

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    Ended up with another upthrust on the daily, but closed right on the short-term uptrend line at $1.02 (hanging on by its fingernails) but below our long-term down-trend line which was at $1.05 today. Volume very low for the day around 14M, could be interpreted as no demand or no supply really. I really think supply has dried up but obviously not surprised if we go for another wander down below $1 if overseas markets switch from manic to depressive again, but another good night overseas and I think we'll just follow the pattern of the last 4 days which seems to be to take it up to supply above, give it a shove down then catch it before it breaks the short term uptrend.
 
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