The whole market behaviour of LYC shares has so many variables at work, from legal to sovereign, from SPP to shorters, from China to first-mover advantage outside China, etc etc. And some or all of these are playing their parts in the SP behaviour.
It really would be nice to know just what IS the major determinant, though. The only thing that seems definite so far is that from a TA point of view, the downtrend remains intact. Although there are a couple of bullish divergences, which may take several days or weeks to come to fruition if they actually do.
From an FA point of view - BIG mystery! Just doesn't make any rational sense at all. The old saying has never been truer - that the market can remain irrational for much longer than you can remain solvent!
LYC Price at posting:
65.0¢ Sentiment: LT Buy Disclosure: Held
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