LYC 0.50% $6.02 lynas rare earths limited

'fears on the weak investors' ta @ $1.185, page-5

  1. 65 Posts.
    Mitta,
    Your question: "what in the chart can we see that's different from most of the previous days ie how is yesterday's (Friday's) action differen?

    Answer: An upbar, closing on or close to the low, or as you usually so colourfully put it, "on its bum". In other words, Caution; don't expect mini rally to continue in ST.
    Short term buyers into rally now "trapped".

    My question: Is the third bar of the selling climax, wide spread, high vol. closing right on its low, predictive or diagnostic of the following day's upbar, ie end of the trend?

    Enjoying Sunday School and hopeful of a Gold star stamp, but will wear a slap on the wrist from teacher if answer is wrong.
    Cheers Tubby
 
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