LYC 0.00% $6.40 lynas rare earths limited

lyc range chart, page-27

  1. 8,880 Posts.
    lightbulb Created with Sketch. 7
    Hey Pete, cheers & nice chart as per usual, yes I have the same fib as yours set up on my weekly. I think the set I've put up on the daily fits a little better (took the low from the May 2011 lows) which imo is the starting point of the genuine run up.

    With the channel, I've explained it on a post above and think that's where the channel should be personally. I put it there weeks ago & looks like it's on the money given where they closed the sp yesterday? (right on it).

    Who knows whether they will fill the gap but if it does get filled it needs to get back above that channel quick smart imo, like the same day..

    Interesting to see how it plays out from here but the weekly stochastic looks like it has plenty left in it imo which is half the reason I am bullish on it now. I was bearish on this stock not that long ago but you can't ignore recent action which changed my stance pretty quickly.

 
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