Looks like some orders are sitting there looking to defend the $7.50 support zone mentioned by Pout. $6.50 is the next major support/resistance from what I see if current selling pressure continues and bulls can't fight back. Could just be some manipulation ahead of next week's report to grab liquidity from those setting stop losses below that crucial $7.80 mark. Price action leading up to and post the report will tell a lot more about possible directions from here. The bears have been winning ever since early April, with sell the rip price action. Ideally, getting back above $8.70 resistance zone firstly will give bulls more confidence from here.
Technical, page-1417
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Last
$6.01 |
Change
-0.040(0.66%) |
Mkt cap ! $5.664B | |||
| Open | High | Low | Value | Volume |
| $5.93 | $6.08 | $5.88 | $34.42M | 5.763M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 16756 | $6.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.02 | 40215 | 56 |
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| Last trade - 15.23pm 23/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |