LYC 0.78% $7.76 lynas rare earths limited

Technical, page-2250

  1. 2,651 Posts.
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    Mixed signals on the daily chart.
    Pretty flat 200EMA and the SP is slightly below it.
    But the SP is above the 10EMA and the 50EMA showing recent strength and positive short term move, along with positive momentum.
    Pretty narrow trading range between 7.14 and 7.62 over the past two weeks and small daily volumes.
    LT looks good but the SP may face some tax loss selling in the run into end of financial year IMO.
    https://hotcopper.com.au/data/attachments/5286/5286999-e2f06f4d67602ed652884c6b2e0506cf.jpg
 
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