There is a H&S pattern in place, however the neckline is down at $6.24. I would argue that this was retested on the last break down and has now formed a double bottom (bullish pattern). This double bottom also marked the beginning of a new up-trend, with the current low of $7.14 signally support. I would agree that the share price has to stay away from $6.24 as a danger zone. However, at this point I just see the Share price retreating from an oversold position, before continuing to follow the uptrend. Tomorrow will be a telling day.. GLTA
LYC Charts and T/A banter, page-28
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Last
$8.00 |
Change
0.095(1.20%) |
Mkt cap ! $7.416B | |||
| Open | High | Low | Value | Volume |
| $8.00 | $8.09 | $7.91 | $20.63M | 2.581M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 60 | 11298 | $7.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.00 | 80255 | 58 |
View Market Depth
| Last trade - 15.52pm 07/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |