how can anyone "predict" the longevity of any event - in this case the uptrend? there are billions of shres on issues and millions of investors who could buy/sell a stock.... based on 3-4 days of ticks up, we cannot say that this is a short term rally.... I am not many of the holders who held at $2+ could have predicted that the slide was a short term slide.... it turned into a giant slide from $2+ to almost into single digit sp....
the uptrend now should not be mistaken as a "short term rally" by the same logic.... any long term share investor knows that logic and the share market raraely go hand in hand together....
if you want to be on the sidelines, good on you....
here comes the short term rally, page-2
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$6.06 |
Change
-0.045(0.74%) |
Mkt cap ! $5.650B | |||
| Open | High | Low | Value | Volume |
| $6.03 | $6.07 | $6.03 | $3.483M | 576.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 5644 | $6.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.06 | 24424 | 38 |
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| Last trade - 12.53pm 22/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |