Makes sense to me when you look at the psychology of it. First they got everyones hopes up, pulled the rug, got hopes up again, pulled the rug again, rinsed and repeated. Now everyone who isn't currently holding is off Lynas because they are scared of having the rug pulled again, despite the fact that we are now producing.
However, there is a noticable change over the last few weeks. Volatility has settled down a lot and we didn't have a big bounce like we have had on previous good news. I see this as a good sign, as it means they no longer want to jack the price up and pull the rug out from underneath us. I believe that by controlling the movement they are trying to create a stable base and gradually chip away at changing peoples sentiments back to positive. After all they need to attract people back when its time for them to distibute, and it is a lot harder with volatile stocks that scare people.
IMO this deviation from their normal patterns signifies a turning of the tide. However, it is still early days and needs confirmation (maybe the charts aren't just numbers after all).
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Last
$6.11 |
Change
-0.180(2.86%) |
Mkt cap ! $5.711B |
Open | High | Low | Value | Volume |
$6.12 | $6.15 | $6.07 | $17.65M | 2.889M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 26354 | $6.10 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.15 | 3758 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10596 | 6.100 |
2 | 329 | 6.090 |
3 | 1300 | 6.080 |
6 | 28264 | 6.070 |
2 | 166 | 6.060 |
Price($) | Vol. | No. |
---|---|---|
6.210 | 710 | 1 |
6.230 | 5000 | 1 |
6.280 | 4100 | 1 |
6.290 | 158 | 1 |
6.300 | 5200 | 1 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
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