Hi All,
Happy to be long atm. I like the chart & setup. IMO as evidenced by sma's, LYC has bottomed, bounced, is consolidating, with sma's converging. SP currently sitting above 50d, 20d & 10d.
Like the risk reward. Mindful of the 3yr pennant possibly breaking.
BLY is a recent example of similar chart breaking downward at this stage, after worse than expected reporting. However late downward break causing minimal loss due to most weak holders having already sold.
Time to climb the wall of worry.
All IMO.
Best of luck all.
17 mil volume with 1.2 cent spread!, page-76
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Last
$7.94 |
Change
0.160(2.06%) |
Mkt cap ! $7.421B | |||
| Open | High | Low | Value | Volume |
| $7.82 | $8.07 | $7.78 | $73.44M | 9.256M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 16778 | $7.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.97 | 2500 | 1 |
View Market Depth
| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |