I assume you're talking about the hourly chart. That pattern is typically on a longer time frame. Regardless, October 3rd saw an increase in shorts, sitting at 5.91%. It looks like today will add to that percentage. Bears are pressing on an unresolved issue. I doubt we're out of the woods until something concrete is announced. IMO, this is still a buying opportunity, smaller buys spaced out over time for a long term hold is how I see taking the best advantage of the situation.
I assume you're talking about the hourly chart. That pattern is...
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Last
$7.94 |
Change
0.160(2.06%) |
Mkt cap ! $7.421B | |||
| Open | High | Low | Value | Volume |
| $7.82 | $8.07 | $7.78 | $73.44M | 9.256M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 16778 | $7.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.97 | 2500 | 1 |
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| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |