LYC 2.50% $6.25 lynas rare earths limited

monday musings, page-44

  1. 1,146 Posts.
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    Great call timmo :)

    Wow, this looks alot more like the start of a big run than anything we've since seen the last pre-TOL announcement run-up. Thought the volume similarities between today and the first daily bar in our last pre-TOL run-up were interesting:

    18th Jan: 30,675,347

    So far today: 30,675,568

    Looks like they chewed through the wall at $1 and are well on their way to knowing over the wall of supply between $1.015 and $1.035.

    Hopefully we've got our higher low now, and should soon have our higher high (> $1.125)

    The daily chart looks bizarre though, like a two bar bullish engulfing bottom reversal except it's not at the bottom :)
 
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