mitta, you are a charting person and I'm sure you know the definition of a trend. Also TA is not an exact science and we are dealing in propabilities here. So exceptions to the rule do occur at times. Thats why we use stops and money management in case things don't happen as predicted.
http://www.investopedia.com/university/technical/techanalysis3.asp
But in case of LYC I'm still long and have decided to stay long for the time being, still think LYC is the best possible exposure to RE we have in OZ.
backflip ta, page-47
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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 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |