A few comments with respect to Lynas:
1. Market Depth
- only the first 5 or so rows are relevant (it is pointless looking at total market depth ... many of the bids / asks shares out wide have no intention of trading (the total market is currently skewed towards the bid, but the first 5 slots are skewed towards the sell ATM)
- on Lynas depth doesn't mean much as many big traders only trade at the market (they don't leave big orders sitting visible in the queues)
- the only time depth is always relevant is during pre open and especially during CSPA - where there is no such thing as at market
- if there is a large skewing and the trading is going in the opposite direction (ie against the tide) it is a great indicator of mechanised accumulation / selling going on
2. Price range
- the price range at the moment is very tight for Lynas
- corresponds with a congestion pattern
It still looks set for a breakout especially with the low volume as well and there are too many fundamental good points to go with it.
note: as someone else has mentioned a selloff of Molycorp may come from left field and be read as a rare earth selloff for a short while
Anyway that's enough rambling please DYOR - as each person trades differently
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A few comments with respect to Lynas:1. Market Depth- only the...
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Last
$6.06 |
Change
0.140(2.36%) |
Mkt cap ! $5.664B |
Open | High | Low | Value | Volume |
$6.02 | $6.12 | $5.97 | $11.52M | 1.904M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 12791 | $6.04 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.07 | 13019 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 14538 | 6.000 |
2 | 134 | 5.960 |
1 | 100 | 5.920 |
2 | 10167 | 5.900 |
2 | 10033 | 5.890 |
Price($) | Vol. | No. |
---|---|---|
6.070 | 3000 | 1 |
6.100 | 7705 | 1 |
6.110 | 3000 | 1 |
6.120 | 7365 | 4 |
6.130 | 3000 | 1 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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LYC (ASX) Chart |