LYC 2.36% $6.06 lynas rare earths limited

i can smell it, again, <0.03 this month?, page-95

  1. 26,984 Posts.
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    So I see a high on 10/9 of 4.2c (followed by at least 3 consecutive days below) and then a low on 30/9 of 3.2c (followed by at least 3 consecutive days above) - and I assume we are talking closing prices?
    So that = a DB box with 3.2c low, 4.2c high which triggered a buy signal by closing above 4.2c again on 14/10, when it closed at 4.8c, right?
    The problem is, that 4.8c turns out to be a new high because it then stays under that again for more than 3 days, it goes 4.7, 4.3, 4.5 (does that make 4.3 the new DB box low, even though it was the 2nd day?) Well anyway, SP then rose above this DB High on 21/10 when it closed at 5.1c, so that's the buy signal we are currently under, according to my reckoning, if I have understood the theory? Probably haven't, so feel free to correct me.
    Last edited by CEOChair: 25/10/15
 
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