LYC 2.72% $7.14 lynas rare earths limited

IMO it's interesting to see the SP continues to close above the...

  1. 2,672 Posts.
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    IMO it's interesting to see the SP continues to close above the 10EMA each day. It seems to be approaching a resistance level.
    (I don't really understand how to calculate resistance, so won't offer a comment here, other than to say there is a visual resistance level to me over the past 3 weeks around $7.50 - 7.60ish).

    Another question I'd pose, is does this look like it's forming an ascending triangle to anyone?

    The 200EMA is very much flat and the SP is slightly below it, so it seems that the current SP is sitting a bit below its long term average.
    Really small volumes, nothing exciting lately.
    https://hotcopper.com.au/data/attachments/5305/5305701-718cf41e46ed828d96d7e2105622bbe0.jpg
 
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