Hi moper, I would be a tad concerned if it did get back to the '40' cent area, if it did that would basically be a reversal of a reversal ha. Also remember that the '2bar' reversal was over a four day period.
Like most Monday's, today is typically a quiet day on our markets, if over the next few days LYC was to retrace (with its low) to say abt 42.5c and then close highish I'd be happy to buy more on its northern movement. If that happened, it would possibly be 'testing' the high intraday volume that got the Friday move going.
tick tock bing, page-6
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