The fundamentals of Lynas have not changed at all. Basket price remains level at approx $51, demand still strong and supply still restricted. Remember the $1.35 target was based on a basket price of around $24 (or thereabouts).
I agree with one of the earlier posters that there is manipulation occuring. Stop losses are being triggered leading to an inflated fall. Wouldn't be suprised to see an updated target from JPM soon. Maybe part of their play to accumulate before the announcement. Tried to contact them early this morning but to no avail.
BTW Headcoach I thought you didn't believe in charts-remember those posts between you and Screenjockey.
september day trader's thread week #3, page-72
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Last
$6.30 |
Change
-0.050(0.79%) |
Mkt cap ! $5.888B | |||
| Open | High | Low | Value | Volume |
| $6.34 | $6.35 | $6.29 | $13.31M | 2.111M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10973 | $6.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.31 | 14462 | 3 |
View Market Depth
| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |