LYC 0.32% $6.32 lynas rare earths limited

shady thursday , page-26

  1. 22,593 Posts.
    thanks for the comments guys/gals most welcome

    today's intraday action is quite easy to sum up I guess, it's a good example of BULLISH volume

    and that is, whilst the price is going up, the volume is increasing BUT NOT ULTRA HIGH and the spreads are good to wide but NOT NARROW

    on any reaction the volume will DECREASE

    ........

    basically everytime today when we had a spit of volume to the up any reaction to the south was on less volume

    it happened after we spotted that 'no demand' action developing, that was after the first 2hours and then again we waited for it to happen after that big spit of volume to the up came into play when it busted thru the morning highs, it then retraced on less and turned and got on with it

    all in hindsight hey :)))

    cheers
 
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