Simply No. Pouts charts do express market sentiment for Lynas but a very small window of time. A much more powerful influencer of Lynas stock price is overall market attitude. Back in September the Market was very bullish on all stocks. All indexes were setting new high PEs. Starting about late October this sentiment went very bearish in one of the quickest turns I have ever seen. Now Stock prices did not react to this till late December and now Mid January we see it taking over all stocks. Especially those with high PEs and high MC to book value. This will blow past any floor you may think Lynas has by looking at just its chart. If you don't believe me go to the threadExternal indicators, that predict Lynas SP future direction
read all the indicators I posted that changed from Strong bull to strong bear while Lynas was still rising. Charts of Lynas did not show this, Market sentiment did. Read over there and comment if you disagree. Its after 1:00 PM in AU and stock is already at 9.32 which says good by to Pouts support level.
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Last
$6.51 |
Change
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Mkt cap ! $6.085B |
Open | High | Low | Value | Volume |
$6.60 | $6.61 | $6.49 | $13.64M | 2.089M |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 40310 | $6.48 |
Sellers (Offers)
Price($) | Vol. | No. |
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$6.52 | 711 | 2 |
View Market Depth
No. | Vol. | Price($) |
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2 | 40310 | 6.480 |
6 | 48075 | 6.470 |
3 | 24132 | 6.460 |
4 | 14423 | 6.450 |
3 | 15000 | 6.420 |
Price($) | Vol. | No. |
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6.520 | 711 | 2 |
6.530 | 36777 | 6 |
6.540 | 24497 | 6 |
6.550 | 16310 | 2 |
6.560 | 12310 | 2 |
Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Change
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Open | High | Low | Volume | ||
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Last updated 15.59pm 06/05/2024 ? |
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