Yes, charts look backward. Please show me something that predicts the future and I'll use that. Charts bake in pretty much everything known including sentiment. Learn them, they'll help with your entry and exit points for both investing and trading.
My view of the current, daily chart is; I'm seeing support at around 6.15 based on a trend line going back to March 2020. There's one more gap to fill from 6.08-6.18. My bet is we'll see this close briefly then head higher. There's support from the triple bottom at 6.03. Break that and all bets are off on the downside.
Upside; Likely a bid that'll come in at 6.15 Gap left above at 6.46-6.51 Gap left above at 6.79-6.93 Needs to hold above 9.93 to begin a new uptrend.
Just my analysis, DYOR and GLTAH.
LYC Price at posting:
$6.34 Sentiment: Hold Disclosure: Not Held
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