LYC 2.80% $7.91 lynas rare earths limited

is this the spooky week ta @ $1.21

  1. 22,593 Posts.
    Well we felt the action of the last few days was like, it was only hanging in there, needing or pleading for a SOS to arrive, it was going to break one way or the other, and unfortunately it went the other, plus not finishing strong at all today, wimping out to a low close, being almost 4% off.

    The XMJ was off by 1% and XJO just .34% so we were amongst the under achievers in the top 100 :(

    It was mentioned the other day about the subtle hint it was giving with the lower lows it was making and wham that was certainly verified today.

    3charts below, firstly the day, followed by weekly and then a biggy the monthly

    P.S. I've penned in on the daily a bar for tomorrow which would keep our uptrend support line intact




    weekly chart, which clearly shows the limp effort it was trying to put in over the last 2weeks, going or holding up there as narrow spread upbars on much less petrol, no good, what did we really expect to happen

    the complete opposite was always required, and we certainly don't want to make it 3weeks in a row



    lastly the monthly bar which is in a far better position, being at present a narrow spread lower volume down bar

    15trading days down with 7 to go

 
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