Yes, it's time to balance the euforia around LYC with a sober analysis... sorry.
Here is the updated daily chart. I didn't recognise it at first, but it looks like a impulse wave plus ab=cd pattern to me. What gives it away is the pennant formation (upside down triangle flag) we're about 80% into. If I'm right, we'll see a drop to ~$1.60 pretty soon (next 3-4 weeks) which means plenty of upside after! If I'm wrong it's LYC business as usual (up and up and up) but you got to ask yourself: "if it was that easy who's losing money?" Someone simply has to hurt for someone else to make money...
I can't help bad news - I see it as I see it...
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Cheers
Hans
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Last
$6.29 |
Change
-0.010(0.16%) |
Mkt cap ! $5.879B |
Open | High | Low | Value | Volume |
$6.34 | $6.37 | $6.29 | $15.63M | 2.473M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1079 | $6.29 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.31 | 10515 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1079 | 6.290 |
6 | 14346 | 6.280 |
3 | 39950 | 6.270 |
3 | 15401 | 6.260 |
6 | 28569 | 6.250 |
Price($) | Vol. | No. |
---|---|---|
6.310 | 1222 | 1 |
6.320 | 530 | 2 |
6.330 | 13614 | 3 |
6.340 | 10105 | 1 |
6.350 | 11105 | 2 |
Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
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LYC (ASX) Chart |