Hope no-one got caught buying on the pump last week. It looked to me like the shorts took their foot off the pedal so they could sell a few more in the mid $1.20s into unsuspecting buyers.
Weekly stochastics and MACD are turning towards a bearish bias. There's no substantial buying kicking in at these prices. With a break below $1.195, the bear flag continuation pattern spits out a target of about 85c on the daily chart. They're never a dead set certainty of panning out perfectly, but I figured it was worth mentioning.
Daily stochastics have further to fall yet if they are to hit the support line at 5.5.
Price could pull up around the $1.12 or $1 mark so a trade opportunity on the long side could arise there, but keep a tight stop loss in case they're sending it into the mid 80s.
yippee gap filled, page-65
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Last
$7.75 |
Change
0.000(0.00%) |
Mkt cap ! $7.244B | |||
| Open | High | Low | Value | Volume |
| $7.81 | $7.88 | $7.66 | $13.33M | 1.713M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 17351 | $7.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.75 | 85285 | 1 |
View Market Depth
| Last trade - 16.10pm 14/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |