Not sure what all the fuss is about, no break of the triangle either way yet, personally wouldn't enter a short or long position while the SP is within the triangle - just gambling really.
For all the believers, vv26 stated:
"Descending Triangles can lead to a breakout EITHER WAY with a downward move only being 64% of the time."
Only 64%!!! Haha, and a whopping 36% chance of an upward move!!! I'm sure all the believers are very relieved :)
descending triangle target 29.5c, page-68
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$7.14 |
Change
-0.200(2.72%) |
Mkt cap ! $6.673B | |||
| Open | High | Low | Value | Volume |
| $7.34 | $7.34 | $7.13 | $39.28M | 5.467M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1546 | $7.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.15 | 72361 | 6 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |