Not sure what time frame you are using but my daily chart in Tradingview doesn't show a grave stone, but that big fat red candle is bad and does not make any sense considering the report that we just saw.
For long term investors I think it all looks very promising. Lynas not only owns mountains of rare earths, it has the best processing plant on the planet with a few more plants in the pipeline. Rare earths are not that rare, the whole planet is full of them. The capability to process them into usable compounds, without poisoning the environment, which Lynas has, is very rare! I am certainly not selling out.
NB: Not Financial advice, please DYOR
News: LYC UPDATE 1-Australia's Lynas posts record annual profit as demand rebounds, page-25
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Last
$6.77 |
Change
-0.115(1.67%) |
Mkt cap ! $6.332B | |||
| Open | High | Low | Value | Volume |
| $6.75 | $6.83 | $6.74 | $3.824M | 564.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 7627 | $6.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.77 | 3083 | 17 |
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| Last trade - 11.45am 04/09/2024 (20 minute delay) ? |
| LYC (ASX) Chart |