I posted my charts under the other thread but I'll re post here for ya mitta and others..
As I said sometimes a chartist has to look at the past to get glimpse of the future.. As for LYC I had to look as far back to May 2009 to see what could lia ahead... I refer to that gap. (circled chart 1) With the sp being so close to that gap, it is now acting like a hole sucking the sp in towards it.. IMO Ganns theory of 3 might come into effect as the sp tries to hold on that %38 fib (Chart 2).. A break below on the 3rd cycle will see that gap getting filled... I wish I could be more bullish about the chart, but market sentiment towards mining stocks is so bearish right now.. Best of luck holders..
tick tock, page-2
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Last
$6.06 |
Change
-0.040(0.66%) |
Mkt cap ! $5.650B | |||
| Open | High | Low | Value | Volume |
| $6.03 | $6.08 | $6.03 | $3.702M | 612.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 3972 | $6.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.07 | 12499 | 21 |
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| Last trade - 13.03pm 22/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |