I think we're seeing a few floor. Some analysis of the tech indicators point toward the possibility of dropping below the 60c mark to high 50s, but personally I don't agree as I'm not seeing them take into account overall market sentiment and recent government budget announcements etc as well as the dismal market/segment SP reactions to this sentiment.
Technical indicators aside, the massive uptrend seen over a week of trading after the election and the last 2 days of (almost) levelling out against a hostile market that saw other players loosing far more ground makes me inclined to think long term down-trend (if any) will be very gradual and only due to the usual SP factors behind a company not making any money :-)
I wouldn't be risking shorts with the chart as it is but my thoughts only. We all know it could go either way.
I think we're seeing a few floor. Some analysis of the tech...
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.28 |
Change
-0.130(2.03%) |
Mkt cap ! $5.991B | |||
| Open | High | Low | Value | Volume |
| $6.31 | $6.34 | $6.27 | $825.0K | 130.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 2331 | $6.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.29 | 2853 | 10 |
View Market Depth
| Last trade - 10.16am 10/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |