The 15/16th Jan gave a warning to be careful. Had to then watch out for either bearish/bullish signs to confirm if it was hidden supply or absorption. If the 16th is included, there has been five bars that have mostly closed on their butts since then. The only other bars, those two little suckers in the middle of the plank virtually acted as no demand (no shows). In summary, 15/16th gave warning, every bar since then one could colour in a bearish tone. Then today arrives and closes less than the lows of both the 15/16th. If, the share price does not act in a bullish manner near the low of the 08Jan, run. Of all the SOW26 bars that LYC has had since mid 2010, these two of late of been the closest.
dyor
LYC Price at posting:
30.0¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)