It may or should go lower if they want to check for anymore stressed sellers, ideally back into the spread of the bar
It may go up, who knows but they'll test for supply sooner or later
a 2bar chart below ie. morning arvo, and we can see all the way back to that doomed announcement in Feb, note how big our volumes are today and what they where back then
difference though is that if todays bar is a potential selling climax, it happened on a down day ie. mum was selling were as back in Feb mum would've been buying into the joy of the announcement and today she was finally shaken out, gruel world hey
anyway I'd be waiting to see successfully testing, a lot of todays volume would've been made up of panicking weaker holders and also short covering if this is the real deal
LYC Price at posting:
82.5¢ Sentiment: None Disclosure: Held
