LYC regained the 4c today closing at 2.63. It opened at 2.59 and slowly climbed to day's high of 2.65 at 1PM, then locked in a 2c narrow trading range between 2.63 and 2.65, finally closed at 2.63. It is a light volume day due to a public holiday in Melbourne to celebrate the Grand Final of AFL football.
On the balance:
- SP just touching 61.8% Fibonacci.
- The green candle today failed to push the SP back to the uptrend channel.
- A new steeper downtrend line is now formed with the red line.
- LYC needs to break above the 61.8% Fibonacci level of 2.63 and above the red downtrend line in order to mount a reversal.
- Propriety indicator is red the 2nd time (the colour between the current and the previous candle bars), meaning it's likely to go down (statistically)
- It is skating on thin ice. Hope there are positive impetus next week to improve the sentiment. Otherwise 2.47 is the next target.
Today's chart & trading, page-2179
-
- There are more pages in this discussion • 90 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.40 |
Change
0.000(0.00%) |
Mkt cap ! $5.982B | |||
| Open | High | Low | Value | Volume |
| $6.47 | $6.48 | $6.34 | $20.28M | 3.161M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12848 | $6.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.40 | 17965 | 2 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |