LYC 2.72% $7.14 lynas rare earths limited

monday musings, page-34

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    Hi Lance, good to hear from you :) Not sure what to make of today, certainly climactic volume (biggest since our last TOL announcement day), which usually occurs at the top or bottom, but strange to see it on an up day after hitting long term support on Friday and finishing as a giant upthrust. Definitely a giant wall of supply between $1 and $1.035, long term downtrend around the same level. Hopefully it's some sort of absorption volume, but could also be cementing $1 as the big new resistance level rather than our friendly support level in times gone past. Guess we'll find out in the next day or so :)
 
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