You know what, I kinda have to disagree with your analysis Mitta.
I think you and most on this forum are analysing way too short term to capture whats really going on here.
In reality when you look at the weekly this stock has been sideways and broke the downtrend as a result some 2 months ago.
Now why is it that you have only been viewing this in the microscope?
I have been kinda wondering why that DT line of yours always seems to be in front of the SP like a red rag in front of a bull always day after day daring the SP to break through, keeping everyone in suspense saying "when is it gonna break through"?
Actually the best lens for most long term holders is the weekly.
And my weekly DT line was broken beginning of 2013.
After a prediction? Nah...got nothing.
Looks to me like this is changing and that will take a while for an increase/uptrend to develop however I do think that the downtrend has finished.
I think that it is best to chill out now unless you are swing trading his on a daily basis. And if you are doing that look at it on a minute by minute basis.
If you are more LT in your outlook don't worry so much about what its doing day to day because the LT is changing and for the better.
let the games begin, page-54
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Last
$8.02 |
Change
0.120(1.52%) |
Mkt cap ! $7.496B |
Open | High | Low | Value | Volume |
$8.00 | $8.09 | $7.91 | $30.69M | 3.836M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 24797 | $8.01 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$8.03 | 44081 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 24797 | 8.010 |
1 | 6329 | 8.000 |
1 | 11825 | 7.990 |
1 | 620 | 7.980 |
1 | 9620 | 7.970 |
Price($) | Vol. | No. |
---|---|---|
8.030 | 24829 | 4 |
8.040 | 16294 | 5 |
8.050 | 69956 | 16 |
8.060 | 27326 | 4 |
8.070 | 9851 | 4 |
Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
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LYC (ASX) Chart |