my take on the push to 2.09 this morning was to backtest the uptrend breakdown. If you chart the graph with its former uptrend, you'll likely see the backtest today. Further it cant close around the 2.01-2.04 levels based on candle charting. In the absence of good fundamental news, its a bearish signal to sell with confirmation tomorrow. Stochastics also show that its getting to the overbought stage. Further volume suggests theres a lot of supply at teh 2.05+ area.
my take on the push to 2.09 this morning was to backtest the...
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Last
$6.02 |
Change
-0.030(0.50%) |
Mkt cap ! $5.627B | |||
| Open | High | Low | Value | Volume |
| $5.93 | $6.08 | $5.88 | $43.41M | 7.258M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6279 | $6.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.04 | 31762 | 5 |
View Market Depth
| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |