5 % down - Sell
20% Up - Sell
There have been plenty of times lately where that may have worked.But... There are times when someone sold on the 5% down with a stop loss and had to pay 20% more to get back in. It would have worked here to buy on 5% down then place a sell at 20% up for enough shares to leave a balance of free carried shares to hold long term. It's worked for me, not only on LYC but on a few others as well. If the fundamentals say that the trend is up then it probably goes up. I trade the fundamentals not the charts.
suggested stop loss, page-9
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Last
$6.40 |
Change
0.000(0.00%) |
Mkt cap ! $5.982B | |||
| Open | High | Low | Value | Volume |
| $6.47 | $6.48 | $6.34 | $20.28M | 3.161M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12848 | $6.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.40 | 17965 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |