I'm trying to get a better understanding of TA. It looks like you guys do such a lot of work on it, and have many followers, but whenever I do any basic analysis, the success of TA does not appear to be any better than examining owl stomach contents.
On 1 July, when LYC was trading at $5.81 you stated LYC "should test 594 in the next two trading days". In fact, it never got back to $5.81 for the next 3 trading days, closing at $5.62 on 6 July.
In the same post you say "Next target is 594, which if it breaks brings 636 into play". That sounds extremely exacting, very brave predicting indeed, but it went from that $5.62 almost in a straight line to $6.50+ in a week without stopping to smell the roses.
Since that high of $6.55 on 13 July, it has swooped back down well past both of your targets and swooped back up into the $6.40s today.Still, I love some of the graphs, and most are much more attractive than owl stomach contents.
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I'm trying to get a better understanding of TA. It looks like...
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Last
$6.40 |
Change
0.000(0.00%) |
Mkt cap ! $5.982B |
Open | High | Low | Value | Volume |
$6.47 | $6.48 | $6.34 | $20.28M | 3.161M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 12848 | $6.39 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.40 | 17965 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 13569 | 6.370 |
5 | 40099 | 6.360 |
3 | 35886 | 6.350 |
3 | 2796 | 6.340 |
4 | 4749 | 6.330 |
Price($) | Vol. | No. |
---|---|---|
6.400 | 10000 | 1 |
6.410 | 27729 | 2 |
6.420 | 13572 | 4 |
6.430 | 9909 | 1 |
6.440 | 9909 | 1 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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LYC (ASX) Chart |