It was to be expected...if we look back to the 26/10 opening 30min, there was an extreme change in the amount of volume and the sp movement from 5.5-6.2. That's a lot of resistance that has to be dealt with in the ST. Unfortunately, despite the rally on Friday, volume was not enough to deal with that resistance zone. 26/10 volume including chi-x was in excess of 70mil - you can't get through that without a significant increase in daily volume (positive volume) - there are a lot of trapped punters, that just want to get their money back - psychology of the market comes into play. You might say, that's a very simplistic way to look at it, and you would be right. With Lynas, it should be accepted as the norm!
- Forums
- ASX - By Stock
- LYC
- Takeover Target?
Takeover Target?, page-58
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LYC (ASX) to my watchlist
(20min delay)
|
|||||
Last
$7.75 |
Change
0.030(0.39%) |
Mkt cap ! $7.244B |
Open | High | Low | Value | Volume |
$7.71 | $7.81 | $7.63 | $12.03M | 1.561M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6556 | $7.73 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.77 | 3385 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6556 | 7.730 |
3 | 12284 | 7.710 |
1 | 9401 | 7.700 |
2 | 30653 | 7.690 |
2 | 18250 | 7.680 |
Price($) | Vol. | No. |
---|---|---|
7.770 | 3385 | 1 |
7.780 | 12284 | 3 |
7.790 | 9401 | 1 |
7.800 | 12151 | 2 |
7.810 | 9401 | 1 |
Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
Featured News
LYC (ASX) Chart |