LYC 0.56% $7.18 lynas rare earths limited

monday 4th july sp, page-39

  1. 815 Posts.
    Aaahh been away a week and nothings changed!
    Heres my bible, the good old basic channel chart.
    Points to note...
    1 We are in a down trend
    2 The top channel limit is currently 2.18 and decreasing every day.
    3 The bottom channel limit is at 1.60 and decreasing every day
    4 IMO we will remain in this channel until the Waste management issue is resolved.
    5 Breaking of the top channel will be the final signal that the trend has reversed and at that point we may buy into an uptrend (much safer).

    Tips of the day...
    1 Never try and pick a bottom or a top.
    2 TA and FA posters should use different threads.


 
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