Interesting that everybody keeps looking at daily charts and uses every up or down to prove their point. The next year will show who is correct. Not the next week or even the next month. Lynas SP will be influence by two things. Its operational performance which was great for 2021 not so great Q1 2022. A bigger influence will be world wide markets. Right now metrics of all companies are way up. CBOE Put / Call ratio is saying that investors are the most optimistic they have been in years. It may seem strange but there is always over optimism right before a strong correction. Optimism pushes market up and when it goes away the market corrects. So, let's all come back every 3 months and look at charts and then we will know what happened.
Does any body know the Put / Call ratio on Lynas in AU? I cannot find it.
The short level is low. A sigh that there are not many believers on the downside.
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7 | 47641 | 7.850 |
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