LYC price chart has been in a downtrend for almost 12 months...with very little joy lasting for more than a few weeks at a time.
It is now hitting a supply level for the 4th time....which is never good. The last time it did that the price went from 1.00 to 60 cents ...which is now.
This may be the bottom...but the odds are very very much against it. The odds are it will drop a lot more. Hopefully I am wrong for all present holders sakes.......but I cannot comprehend the misplaced..imo...optimism that this company has had for so long. If you want to argue with the price action.....good luck.....mostly you will come off second best. All the hope, excuses and arguments in the world are pointless if the price action says otherwise.
I am not downramping....I have no intention of buying...or shorting for that matter. Just totally bemused at how people can ignore reality, regardless of what the price action is actually indicating.
shakeout, page-26
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Last
$6.05 |
Change
0.030(0.50%) |
Mkt cap ! $5.598B | |||
| Open | High | Low | Value | Volume |
| $5.80 | $6.06 | $5.76 | $40.26M | 6.791M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 47 | 56757 | $6.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.06 | 24111 | 31 |
View Market Depth
| Last trade - 15.52pm 24/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |