LYC is now in its 4th day since the fast drop fromm $1.50 started. What i have observed is that the last 2 days the amount that it is falling is getting smaller and smaller the volumes are getting bigger and bigger. If we can get a close today of around $1.10 that would signify a daily reversal. So far the 30min and hourly charts are setting up a base so its not out of the question.
At the moment there is an arm wrestle in price and when the shorters realise that they are in trouble the price will trend more swiftly, that is what i am waiting for.
bullish signs
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Last
$5.93 |
Change
-0.020(0.34%) |
Mkt cap ! $5.542B | |||
| Open | High | Low | Value | Volume |
| $6.04 | $6.04 | $5.93 | $23.75M | 3.975M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 128544 | $5.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.95 | 12481 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| LYC (ASX) Chart |