Im reading this thread it seems there's little explanation of any change in Lynas fundamentals between today and yesterday. I kind of expected to see something had been reported but not much is there
if I look at the chart today's drop down is similar to the rise around 26 February, it is of similar magnitude of volatility and similar volume, just in the opposite direction ( no specific news then for the up)
This volatility indicates there's some quite a different way the bull's and bears are working to find consensus, and today the bears have taken over based on the rise over the last few months(I suggest a little bump caused traders to cash out, as it hit their stops today)
I expect some more volatility in this frenzy for the next few weeks so hold on
LYC Drop, page-35
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Last
$6.73 |
Change
0.000(0.00%) |
Mkt cap ! $6.295B | |||
| Open | High | Low | Value | Volume |
| $6.71 | $6.76 | $6.70 | $1.378M | 204.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 8880 | $6.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.73 | 8519 | 22 |
View Market Depth
| Last trade - 10.52am 04/06/2024 (20 minute delay) ? |
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Last
$6.72 |
Change
0.000 ( 0.22 %) |
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| Open | High | Low | Volume | ||
| $6.72 | $6.76 | $6.70 | 94794 | ||
| Last updated 11.12am 04/06/2024 ? | |||||
| LYC (ASX) Chart |