LYC 0.30% $6.76 lynas rare earths limited

Last chance to try and stress people out HT. With only today,...

  1. 1,867 Posts.
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    Last chance to try and stress people out HT. With only today, tomorrow and Wednesday to trade before the quarterly is due, most longs would either be set or waiting for the quarterly before buying any new positions. This allows sellers on light volume to lean on the price a bit.

    We've got a few traders trying to game that $0.355 level atm to see if there’s any stops down here . We’re also getting a run of negative posts popping up on the forum this morning, although nice call Red Dirt Dan on the other thread. Haven’t had a new poster pop up on the long side for a while.

    Have a think about what happens if some positive news is released on Thursday versus the risk of negative news and how much upside vs downside is there in the price. The June quarter was negative and I tried to short it and the price would only drift down. I had to close that position.

    This downtrend is done.
 
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Last
$6.76
Change
0.020(0.30%)
Mkt cap ! $6.318B
Open High Low Value Volume
$6.70 $6.82 $6.68 $12.37M 1.829M

Buyers (Bids)

No. Vol. Price($)
1 4000 $6.75
 

Sellers (Offers)

Price($) Vol. No.
$6.78 7217 2
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Last trade - 16.10pm 18/09/2024 (20 minute delay) ?
LYC (ASX) Chart
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