sorry there is no double top formed on this stock -- especially if people are using a daily interval as their charting method (which pretty much everyone seems to be). A lot of TA gets thrown around on this stock and most of it is pretty inaccurate. Unless wayward comes in here and hands me my hat on this -- double tops form over weeks to months - signal the end of a bull run - and generally need a few weeks to months (not two days) between peaks. There is a huge difference between calling a double top and simply suggesting the stock is butting up against resistance at 16c and due for a pull back. Not to mention it is a penny stock and a ten percent pullback (1.5c) is actually only a 3 pip move (plus it happens to be the mark at which the bonds can be bought out).
cheers,
jezza
sorry there is no double top formed on this stock -- especially...
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Last
$5.93 |
Change
-0.020(0.34%) |
Mkt cap ! $5.542B | |||
| Open | High | Low | Value | Volume |
| $6.04 | $6.04 | $5.93 | $23.75M | 3.975M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 128544 | $5.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.95 | 12481 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| LYC (ASX) Chart |