LYC 0.00% $6.40 lynas rare earths limited

once more unto the breach, page-68

  1. 1,146 Posts.
    lightbulb Created with Sketch. 1
    I don't know leebruc. Not looking too nice on the daily at the moment as it looks like we'll break the short term uptrend. Bit of support at 97c which provided a bit of an intraday bounce.

    Next support levels 95c, 93c then gap at 90c. I think if the price goes much lower today, those shaken out during the move down to 86.5c may start to buy back in, unless of course they've been parked above in recent days. If the 28th May, which was the rapid up move from 90c to $1.055 was to lock out those shaken out in the move to 86.5c prior to a markup phase, then it may not be desirable for the powers that be to allow them a chance to buy back in where they left off. Alternatively, they may have already bought back in higher, fearing missing out and hoping MOSTI would keep his promise :) Anyway, theories don't really help much, just gotta wait for that supply to dry up followed by some bullish action before jumping in.
 
watchlist Created with Sketch. Add LYC (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.