Put aside all the noise form today and lets see what really happened.
Nice start to the day, excitement mid day and then a drop back again.
Big volume
Overall positive close.
What are the positives?
Chart had some confusing and contradictory movements, hard to get a handle on on the run, but the longer term trend is quite consistent and predictable with the fundamentals. Steady up trend forwards 4 dec and Ann's anticipated re progress with plant feed.
Chris wants the SP above 75 by the 4th, others may have their agenda so there will be conspiracy theories and manipulation.
Positive moves will be underwritten by positive Ann's and positive movements in REE prices / demand now.
Overall there will be a gradual, though at times, erratic (for the reasons above) climb. If you want to know where it is going, its beginning to be in the maths now not the sentiment.
The Negatives?
IMHO they are shrinking away now and as long as the plant works and the science is right they will go away all together.
And the manipulation of the ST price by the big boys - well if you walk down a busy street in most places in the world there is someone who will be angling to lift your wallet - no different here. Play them at their own game - streetwise and savvy, toughen up and you can score points off them too. Sometimes the clues are in the charts, sometimes trust your feelings.
But today was a good day. perhaps not what we all wanted but predictable really.
Now off for a little libation and leave Lynas for another day to quietly climb its way up to where it deserves to be.
My penny's worth
ocean
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