Yes, it's time to balance the euforia around LYC with a sober analysis... sorry.
Here is the updated daily chart. I didn't recognise it at first, but it looks like a impulse wave plus ab=cd pattern to me. What gives it away is the pennant formation (upside down triangle flag) we're about 80% into. If I'm right, we'll see a drop to ~$1.60 pretty soon (next 3-4 weeks) which means plenty of upside after! If I'm wrong it's LYC business as usual (up and up and up) but you got to ask yourself: "if it was that easy who's losing money?" Someone simply has to hurt for someone else to make money...
I can't help bad news - I see it as I see it...
Cheers
Hans
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Last
$6.76 |
Change
0.020(0.30%) |
Mkt cap ! $6.318B |
Open | High | Low | Value | Volume |
$6.70 | $6.82 | $6.68 | $12.37M | 1.829M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4000 | $6.75 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.78 | 7217 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4000 | 6.750 |
4 | 32873 | 6.740 |
2 | 17715 | 6.730 |
1 | 14224 | 6.720 |
1 | 4477 | 6.700 |
Price($) | Vol. | No. |
---|---|---|
6.780 | 7217 | 2 |
6.790 | 3278 | 2 |
6.800 | 16371 | 2 |
6.810 | 11828 | 2 |
6.820 | 249 | 1 |
Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
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LYC (ASX) Chart |