Hi timmo, when I look at potential supply I try to frame it in terms of has it been dealt with? i.e. revisited. The best potential supply is a sideways range that has broken a lot lower so you know people are trapped there and haven't had a chance to get out so expect a bounce when you get back to these areas. With LYC, it had the massive auction at 64c then ranged between that and 60c then broke down to 55c. After a little while trawling the lows we had 2 big days which went up to 63.5c giving those trapped a chance to get out even and then if they chose not to accept then the option to be shaken out at a loss. Then had very low volume for a few days (no supply) but protecting the 57.5c mark and keeping out the bottom feeders (like me :) and potential weak holders scalping the bounce off major support at 55c. No idea what will happen next, feels like a pump and dump, 10% not bad for a few days' work.
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Hi timmo, when I look at potential supply I try to frame it in...
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Last
$6.02 |
Change
-0.030(0.50%) |
Mkt cap ! $5.627B |
Open | High | Low | Value | Volume |
$5.93 | $6.08 | $5.88 | $43.41M | 7.258M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 6279 | $6.00 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.04 | 31762 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 6279 | 6.000 |
4 | 28762 | 5.990 |
2 | 24989 | 5.980 |
3 | 47254 | 5.970 |
2 | 10903 | 5.960 |
Price($) | Vol. | No. |
---|---|---|
6.040 | 31762 | 5 |
6.050 | 22989 | 1 |
6.060 | 29080 | 4 |
6.070 | 3000 | 1 |
6.080 | 3000 | 1 |
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