Just noticed LYC has formed a descending triangle, with a target price of ~29.5c if the major support at ~55.5c breaks. Since first hitting the major support level, the share price has revisited this level at progressively closer time intervals and obviously made lower highs between visits. Not a great sign for higher prices. There was mention of the next support level ~47c. However, I suspect this could just be a bull trap in a major shakeout and add momentum to any fall if long stops below 47c are triggered. Also, LYC doesn't really get out of bed unless there's a major announcement, and there's none as far as I can see on the immediate horizon. Quite surprised when I noticed this pattern and its associated price target. Hope I'm wrong for the sake of the long suffering shareholders.
descending triangle target 29.5c
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Last
$6.28 |
Change
0.190(3.12%) |
Mkt cap ! $5.870B |
Open | High | Low | Value | Volume |
$6.10 | $6.30 | $6.09 | $21.16M | 3.393M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3163 | $6.28 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.30 | 5246 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3163 | 6.280 |
3 | 12879 | 6.270 |
4 | 40626 | 6.260 |
3 | 25316 | 6.250 |
3 | 23689 | 6.240 |
Price($) | Vol. | No. |
---|---|---|
6.300 | 5246 | 2 |
6.320 | 20979 | 5 |
6.330 | 12873 | 3 |
6.340 | 10634 | 3 |
6.350 | 13228 | 3 |
Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
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