LYC has had a very bullish breakout today, making a new high and closing at a new high on strong volume, driven by further outstanding news.
I'm picking we could see my next target of $2.89 within the next few weeks, as LYC is the only game in REE town now, and could easly over shoot my targeted share prices (see below) by a considerable margin. Just like PDN did, but unlike PDN, LYC will be very profitable from the start of production.
quiktrade's post from this morning sums up why LYC is simple the best REE choice in the market imo:
"- quotas down
- export taxes up
- and really importantly Molycorp truth starts to come out - they are nowhere near ready
Now looks like all roads lead to Lynas."
Some posters today have shown just how keen they are to get on board by posting red hearings trying to shake a few loose hands.
My base valuations posted a few weeks ago:
11,000t p.a. US$4.07 sp
20,000t p.a. US$7.41 sp
30,000t p.a. US$11.12 sp
This company is a sitting duck, don't be surprised to see M&A activity.
- Forums
- ASX - Short Term Trading
- LYC
- bullish breakout my next target is $2.89...
bullish breakout my next target is $2.89...
-
- There are more pages in this discussion • 30 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LYC (ASX) to my watchlist
(20min delay)
|
|||||
Last
$7.61 |
Change
-0.100(1.30%) |
Mkt cap ! $7.113B |
Open | High | Low | Value | Volume |
$7.65 | $7.65 | $7.49 | $13.50M | 1.778M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 10000 | $7.57 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.61 | 6808 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 426 | 7.550 |
2 | 5750 | 7.510 |
2 | 500 | 7.500 |
1 | 1000 | 7.480 |
1 | 133 | 7.470 |
Price($) | Vol. | No. |
---|---|---|
7.620 | 500 | 1 |
7.630 | 750 | 1 |
7.640 | 20172 | 2 |
7.650 | 1500 | 1 |
7.700 | 1759 | 4 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
Featured News
NEWS
Breakthrough programs slash healthcare events, driving a significant A$1.8M+ annual revenue boost
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
LYC (ASX) Chart |