It was to be expected...if we look back to the 26/10 opening 30min, there was an extreme change in the amount of volume and the sp movement from 5.5-6.2. That's a lot of resistance that has to be dealt with in the ST. Unfortunately, despite the rally on Friday, volume was not enough to deal with that resistance zone. 26/10 volume including chi-x was in excess of 70mil - you can't get through that without a significant increase in daily volume (positive volume) - there are a lot of trapped punters, that just want to get their money back - psychology of the market comes into play. You might say, that's a very simplistic way to look at it, and you would be right. With Lynas, it should be accepted as the norm!
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It was to be expected...if we look back to the 26/10 opening...
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Last
$6.41 |
Change
0.040(0.63%) |
Mkt cap ! $5.991B |
Open | High | Low | Value | Volume |
$6.45 | $6.49 | $6.40 | $13.34M | 2.079M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 13384 | $6.41 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.42 | 13471 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 13384 | 6.410 |
2 | 12123 | 6.400 |
4 | 37833 | 6.390 |
5 | 22824 | 6.380 |
6 | 10221 | 6.370 |
Price($) | Vol. | No. |
---|---|---|
6.430 | 7812 | 1 |
6.450 | 500 | 1 |
6.460 | 14808 | 3 |
6.470 | 14342 | 2 |
6.480 | 11442 | 2 |
Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
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LYC (ASX) Chart |