22-June-2024 : Keeping It Simple with Price Action & Technical Analysis.
This stock showed up in my screener, and liked the chart and price action.
Putting out my analysis objectively using Point & Figure.
** I do not own this stock, and my analysis may have mistakes and incorrect. So please DYOR and always use a Stop/Loss..
* Using P & F with a box size of 0.15 on a Daily chart.
* The stock has been in a long term uptrend.
* After making a breakout in Oct'2023 ( shown by the long "X" Anchor column), the stock went into consolidation and on 21-Jun-2024, we saw creation of a fresh "X" column signalling a "probable" resumption of its uptrend. This will be confirmed once it does a double top buy around the ORANGE zone immediately above it.
* If it crosses the Orange zone, and remains above the BLUE line, then I am forecasting an immediate price target of around 16, based on the open Anchor Column count. [ If we see behind, then the last target anchor count has already been met ].
ASXCharts - LYL - Technical Analysis
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Last
$11.72 |
Change
-0.370(3.06%) |
Mkt cap ! $465.7M |
Open | High | Low | Value | Volume |
$12.20 | $12.20 | $11.70 | $1.162M | 98.12K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 14 | $11.71 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$11.81 | 354 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 11.700 |
1 | 2200 | 11.660 |
3 | 1735 | 11.650 |
1 | 85 | 11.620 |
1 | 2155 | 11.600 |
Price($) | Vol. | No. |
---|---|---|
11.840 | 2000 | 1 |
11.950 | 1000 | 1 |
12.290 | 1500 | 1 |
12.300 | 2425 | 2 |
12.350 | 2000 | 1 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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LYL (ASX) Chart |