This is funny we go months without people talking about Technica's. Then after just a few days of nice rises People put up very short term charts saying 'here we go' Lynas SP may be about to surge maybe even over 10 or the old high of 11.56, May 2022 But I would want to see a few more weeks before betting on it especially considering how high its metrics are compare to other ASX stocks that are paying good dividends.
Any ideas of what will be in Q report next Monday? Unless a very large improvement over Q1 & 2 could that kill this rally. Prices have not changed much It would take a jump in volume over NEXT rates to cause a big impact. Q2 = 1292 KT, NEXT = 1800KT A 39% jump, doable but I will wait to see.
It has had one change as big as big as +91%, Q2 2024 but that is not typical. Beta for Output is becoming larger, never a good sign.
LYC Price at posting:
$8.36 Sentiment: Sell Disclosure: Not Held
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