LYC survived selling pressure and closed at 2.72, up 1c or 0.37% today.
It was initially sold down to 2.66 at 10:45AM which accounted for 1/4 of the days' total volume. Then 2 iceberg orders at 2.66 and 2,67 provided a floor. It looks like these are keen buyers who are hungry for the stock at a good price. They have been accumulating a massive quantity in the last few days. The SP redeemed itself and made today's high of 2.73 at 1:50PM. It softened a bit while waiting for the RBA announcement of interest rate at 2:30PM. One a cut of 25 basis point was announced, the market sentiment improved and it closed with a gain of 1c.
Today's SP made a green candle with long tail as it survived the selling pressure. Therefore it is another good sign.
What to watch for:
- After yesterday's big green candle, the SP might take a breather.
- Next few days could be in narrow trading range.
- Direction largely influenced by the ASX200 index in the absence of any news.
- These are all healthy signs as it needs to consolidate to gather strength to crack the midtrend line and the downtrend line.
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Last
$6.06 |
Change
0.140(2.36%) |
Mkt cap ! $5.664B |
Open | High | Low | Value | Volume |
$6.02 | $6.12 | $5.97 | $11.52M | 1.904M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 12791 | $6.04 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.07 | 13019 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 14538 | 6.000 |
2 | 134 | 5.960 |
1 | 100 | 5.920 |
2 | 10167 | 5.900 |
2 | 10033 | 5.890 |
Price($) | Vol. | No. |
---|---|---|
6.070 | 3000 | 1 |
6.100 | 7705 | 1 |
6.110 | 3000 | 1 |
6.120 | 7365 | 4 |
6.130 | 3000 | 1 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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LYC (ASX) Chart |