Gaps or no gaps, the current situation Lynas finds itself in is far from ideal.
Going by past judgements another delay of a month or two looks likely, and if things get really messy then we wont see a first feed until well into next year.
TA has got a lot to do with the psychology of the traders, if they see a gap that will likely get filled, then their trading strategy will reflect the current trend.
Currently the lower gaps are more likely to get filled than the one at 85c... in the ST anyway. There is just simply no positives at the moment. Too many uncertainties.
ST this is in the hands of the players and traders, and to a certain degree, Mt Kellett.
I would give a certainly of a cap raising at 80%.
I feel for the long termers, but be ready for more delays and disappointments. This thing isn't going to get resolved overnight. Sometimes emotions clouds logic.
Capital conservation is key.
IMO
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2 | 280 | 7.110 |
4 | 14033 | 7.100 |
2 | 77850 | 7.090 |
2 | 13233 | 7.080 |
Price($) | Vol. | No. |
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7.150 | 72361 | 6 |
7.160 | 1420 | 1 |
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