LYC 0.82% $7.82 lynas rare earths limited

LYC chart, page-140

  1. 74 Posts.
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    Yes it was great watching them stack up at 12 c
    Such a solid end for the week after such indecision.
    So the weekly has a spinning top which stacks up with all the doji days this week, but with the amount of volume and for the last trade which was clearly 11.5 or at best 11.75
    I'm sensing the spinning top is similar to the doji of last week.
    Both have history so have a look.
    IMO
    LYC-weekly11-12-15 .png
    I will still be ready on Monday morning just in case it heads south rapidly but the final 12 c figure was a statement of confidence.

    Have included the 30 day average on two different charts with shows different figures.
    The 4-traders - free data charting, I feel is not accurate as it is free data, whereas the live feed I have from CommSecIRESS  I feel should be accurate so I believe the 30day average would just below 9.8 adding to the 10 cent support but on 4-trading it is 9.56 (would be great to leave in this support line to the distant past)

    The problem I have with IRESS charts is that they include the weekends and days without trade so there are gaps. (no not the gaps that some of us hate and have had posts removed) but spaces (for a better word) that change the charts  for Channel, fib fans and trend line charting. Fine for support and resistance charting. They are stretched out and all the study charts I have don't have spaces for weekends.

    For the daily's I have put the channel in and would love other views if they still feel we are still in a channel.
    One definition is …
    Price should touch each trendline at least twice as distinct peaks or valleys.
    Price should cross the pattern from trendline to trendline, nearly filling the available space.
    lyc-2015-12-11-PM.png
    lyc-2015-12-11-PM (2).png
    Can any one recommend software and a paid data package  - I have been looking at Beyond Charts + and would love to here if any one uses it or if anything is better.

    Have a great weekend
    Cheers
    IMO
 
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LYC (ASX) Chart
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