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$7.23 lynas rare earths limited

Ann: Share Price Update, page-110

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FXNCLN

166 Posts.

85

06/07/18

11:08

Post #: 34182966
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Originally posted by FXNCLN ↑

Let's say "tanking relaxation or exhaustion" ... after 2 weeks we have almost reached the target for an ABC correction with extended leg of the C ...

A: 2.96->2.52= -0.44
B: 2.52->2.8=+0.28 (63.6 of A = Fibo level)
C: 2.8->2.36=-0.44 C=100% A
C ext : 2.8->2.09 = -0.71 C = 161÷ of A

Combined with EMA200 & SMA200 at around 2.08 to 2.10 this should be a supporting or reversal level.

Question will be, if that's all and now it's going up again ... or if it was an A wave of a bigger ABC correction

Psycological approach would be either "no worries, all is fine" (deconfusing press releases would strongly support that - and up up and away it goes, next impulse starting) OR "it was nothing that important" (intermediate recovery wave B), followed by a second escalation (second leg / wave C)

As an investor i would prefer the first option - but as a realist and not getting paid for cheer this stock up (unlike some other protagonists here), i'll keep the probability of the second option in mind.

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C ext : 2.8->2.09 = -0.71 C = 161÷ of A

... there we are

LYC Price at posting: $2.10 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $7.23		Change 0.085(1.19%)		Mkt cap ! $6.687B

Open	High	Low	Value	Volume
$7.14	$7.27	$7.12	$23.51M	3.271M

Buyers (Bids)

No.	Vol.	Price($)
12	9266	$7.22

Sellers (Offers)

Price($)	Vol.	No.
$7.23	10027	10

View Market Depth

No.	Vol.	Price($)
18	9119	7.200
23	18293	7.190
19	27229	7.180
14	26279	7.170
8	6380	7.160

Price($)	Vol.	No.
7.210	12104	20
7.220	12311	15
7.230	15785	17
7.240	19287	12
7.250	30017	14

Last trade - 12.06pm 18/11/2024 (20 minute delay)

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