PU
What you seem to fail to understand as botfodder has stated is that without any obvious accumulation, which is generally reflected by volume coming in on downbars or a long period of sideways accumulation, where is all the buying that is going to take this stock to $2.50 coming from? Mums and dad investors? Sorry but their pockets just aren't deep enough. What you need are signs of strength sitting in the background ie good volume and signs of buying by the SM to reverse the trend. I'm not seeing it yet.
Will let you know when I do though.
Oh and ontop of that the downtrend hasn't even broken yet, No 1 rule of buying any stock is to buy in the direction of the trend, so we need to see the trend change first eh?
Cheers!
- Forums
- ASX - By Stock
- it's humorous
PU What you seem to fail to understand as botfodder has stated...
-
-
- There are more pages in this discussion • 43 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LYC (ASX) to my watchlist
|
|||||
Last
$6.80 |
Change
0.000(0.00%) |
Mkt cap ! $6.356B |
Open | High | Low | Value | Volume |
$6.85 | $6.89 | $6.77 | $9.256M | 1.356M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 12357 | $6.79 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.80 | 13181 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 12357 | 6.790 |
2 | 6000 | 6.780 |
3 | 12113 | 6.770 |
2 | 25312 | 6.760 |
2 | 12498 | 6.750 |
Price($) | Vol. | No. |
---|---|---|
6.800 | 9043 | 4 |
6.820 | 20113 | 5 |
6.830 | 8832 | 1 |
6.840 | 8832 | 1 |
6.850 | 9432 | 2 |
Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
Featured News
LYC (ASX) Chart |