The Swiss people did not vote for their Swiss National Bank to buy gold.
The OPEC did not cut oil production and the oil price went down.
So why Lynas went down significantly today and not yesterday.
Yesterday, Lynas could not respond to some of the positives, because of other negatives, the sell off in the material sector, but the loss was not significant because the DOW was essentially flat.
Today, the loss in Lynas was significant in line with the loss in the resource sector and the construction companies, but most important is the anticipated massive loss on the DOW tonight.
I said that in my previous post:
X-mas rally is coming and it appears to me that the big players will drive the material stocks to the bottom within the next few days and then the rally will start from around the 5th onward.
This Wednesday is the release of our GDP data and on Thursday is the release of the retail data. A retrace tomorrow as well is expected before a rise later in the week.
Remember I did not post anything Last Friday.
My opinions and thoughts, not an investment advice.
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Last
$6.14 |
Change
-0.015(0.24%) |
Mkt cap ! $5.734B |
Open | High | Low | Value | Volume |
$6.21 | $6.22 | $6.07 | $6.126M | 997.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
39 | 20540 | $6.13 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.14 | 14589 | 37 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
40 | 21722 | 6.130 |
23 | 38172 | 6.120 |
19 | 39996 | 6.110 |
21 | 53225 | 6.100 |
8 | 14788 | 6.090 |
Price($) | Vol. | No. |
---|---|---|
6.140 | 13246 | 36 |
6.150 | 21522 | 28 |
6.160 | 36488 | 16 |
6.170 | 36032 | 15 |
6.180 | 16832 | 10 |
Last trade - 14.08pm 29/07/2024 (20 minute delay) ? |
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LYC (ASX) Chart |