If buying overwhelms the shorts - you will see LYC staying above 2.00. It is a tricky situation given the general weakness in XJO, last week of tax loss or profit booking by the fundies. I believe the following week would give us a clearer pic.
Given the recent strength in the US Rees and general strong interest in this sector, 1.80 should hold. However, you will never know with this market. If in doubt, stay aside and wait for the entry level that you are comfortable with. It is always better to buy on an upward trend.
expected reactions, page-5
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Last
$7.75 |
Change
0.030(0.39%) |
Mkt cap ! $7.244B | |||
| Open | High | Low | Value | Volume |
| $7.71 | $7.81 | $7.63 | $12.03M | 1.561M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6556 | $7.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.77 | 3385 | 1 |
View Market Depth
| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |