Lets hope it busts straight through and heads higher this week - as I said lots of different interpretations on double tops clearly its just one possibility it is no way confirmed or a given at this point.
"Consolidation has no impact on total mkt cap, earnings do"
Agreed but it quite often changes market behavior - Historically a lot of companies suffer poor share price performance post consolation I think @Wayward1 also made mention of this - Can you name a few they have benefited from a consol ? there is a long list of ones who have performed poorly
Chart, page-216
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Last
$6.25 |
Change
0.080(1.30%) |
Mkt cap ! $5.841B | |||
| Open | High | Low | Value | Volume |
| $6.25 | $6.26 | $6.17 | $15.83M | 2.513M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 18985 | $6.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.25 | 53073 | 5 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |