Well you're not gonna get a spring until support is breached and the last time we were at support was 8 trading days ago, which is probably why you've been waiting for the spring for days now lol :)
The spring forms when the pros take the price below support to run stops, trick amateur shorts into taking a position then having to cover adding fuel to the up move.
Not saying a spring is definitely going to form, but if it does, it's bullish. They may just break through support and keep going.
mitta's spring, page-20
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Last
$7.23 |
Change
0.190(2.70%) |
Mkt cap ! $6.645B | |||
| Open | High | Low | Value | Volume |
| $7.12 | $7.23 | $7.09 | $6.706M | 938.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 3078 | $7.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.23 | 12396 | 16 |
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| Last trade - 11.22am 10/09/2024 (20 minute delay) ? |
| LYC (ASX) Chart |