We closed above $8.30 and 20 day EMA. $8.50 will potentially be a resistance point next as that is where the 50 week EMA lies. The $8.70-80 range I highlighted previously is the ultimate resistance zone to break for the bulls to deliver a solid punch to the bears. Until that happens, this could just be a downtrend rally back to the mean before potentially getting pushed back down again. We should know soon the answer though once the price action approaches that zone.
Technical, page-1451
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Last
$6.02 |
Change
-0.035(0.58%) |
Mkt cap ! $5.664B | |||
| Open | High | Low | Value | Volume |
| $5.93 | $6.08 | $5.88 | $34.41M | 5.762M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 23809 | $6.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.02 | 28637 | 39 |
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| Last trade - 15.21pm 23/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |