My view on technicals...
On the daily chart, we're likely going to form a double bottom at these levels. Prices at these levels are stretched with both Bolls and 2ATR (much more stretched with 3ATR on 3 hour chart) so reversion to the mean coming shortly. I would not be surprised to see a recovery to $6+ within the next 2 weeks.
Think with your head, and buy some cheap shares at these levels. No brainer.
Technical
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 (20min delay)
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Last
$6.65 |
Change
0.140(2.15%) |
Mkt cap ! $6.215B | |||
| Open | High | Low | Value | Volume |
| $6.57 | $6.69 | $6.56 | $26.32M | 3.971M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7842 | $6.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.66 | 59701 | 5 |
View Market Depth
| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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Last
$6.62 |
Change
0.140 ( 1.78 %) |
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| Open | High | Low | Volume | ||
| $6.56 | $6.69 | $6.56 | 4984870 | ||
| Last updated 15.59pm 07/05/2024 ? | |||||
| LYC (ASX) Chart |