Personally I wouldn't be surprised if there was a small reversal on consolidation. This due in part to the timing - just before the Christmas slowdown. Also there is a changing of the guard as the company moves from being a "penny stock" which appeals to some traders to being a dollar stock which the insto's prefer. There will be a lag in demand as the penny stock traders drop off rather quickly and a slower uptake by the instos and more risk averse investors. This may be exacerbated by the timing but I expect it will wash though by Feb.
Chart, page-219
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Last
$7.70 |
Change
-0.070(0.90%) |
Mkt cap ! $7.197B | |||
| Open | High | Low | Value | Volume |
| $7.63 | $7.72 | $7.57 | $17.44M | 2.316M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 482 | $7.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.70 | 6582 | 1 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |