This isn't chaos - this is entirely expected profit-taking.
After the run LYC has had, it is only natural that traders - both day traders and short term traders (including instos) - lock in some profits.
And when all said and done, we really don't want LYC to go up like a rocket, do we? Heading straight up a parabola is guaranteed to end up with a price collapse.
Nice and steady does it. A good sustainable long-term uptrend is comprised of higher highs and higher lows. Ergo - there MUST be lows...! A nice serrated uptrend chart will do me just fine, thank you :)
No rockets, fuses, or any other pyrotechnics needed.
fickle chaos, page-2
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Last
$7.69 |
Change
0.080(1.05%) |
Mkt cap ! $7.187B | |||
| Open | High | Low | Value | Volume |
| $7.67 | $7.78 | $7.63 | $9.690M | 1.258M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 46595 | $7.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.69 | 45838 | 3 |
View Market Depth
| Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |