A good start to the morning up to a high of 135cents with huge volume
For the ST imo it’s not a good time to be buying, quite the opposite actually
Have just covered my position and will protect my holdings or my gains one could say
Looking at the chart we can see that there’s a lot of resistance over there to the left, and this is our first time back up here
Now remembering that today is Friday and the markets have had a good run this week, This imo is a good time or/and spot for those sneaky pro’s to be hiding their selling into the buying frenzy once again
THESE are SHORT TERM thoughts only
With the overseas markets up BIG TIME last night, imo and remember it’s only an opinion and could very easily be wrong but I think our markets may be burnt off today
I mean they will finish higher but may close lowish which will lead the overseas markets to do similar ie. Take their ST profits
Then we start all over again next week and who knows which way we will be lead, but atm it’s Friday and we’re at a former high, just seems a good spot to be covering or protecting oneself
LYC Price at posting:
$1.32 Sentiment: None Disclosure: Held
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