Technical, page-1432

Nice relative strength today against a red market overall. However, we are no way near all clear yet. Green area I have shaded is going to be the main zone to break through. Why? It would break the downtrend from May/June, break back up above the long term uptrend that held for over 12 months, break back up above the horizontal resistance there around $8.70-8.80, break above the 200 day and 50 day exponential moving avg. That zone is where the bears will short and try to push down IMO as there are a lot of resistance factors there to overcome. Let's hope the report and outlook is good to give the catalyst needed to push though the $8.30 resistance first as mentioned by Pout. In summary, Lynas is really up against the tide here...so will need lots of buying pressure to get through. Let's see how things pan out over the next week or two.