From the daily chart of LYC .....
Lynas appears to be forming a massive descending triangle,
the downward slope of the triangle evident joining the peaks in October 2009 and January 2010
the flat base of the triangle from early November 2009 and March 2010
this is a major bearish development in the LYC chart and if we break (and close) below the flat base (mentioned above) of the triangle, then I measure the initial downside target to around 38 cents
how do other technicians read the chart for Lynas?
From the daily chart of LYC .....Lynas appears to be forming a...
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Last
$6.15 |
Change
-0.100(1.60%) |
Mkt cap ! $5.748B | |||
| Open | High | Low | Value | Volume |
| $6.23 | $6.24 | $6.13 | $18.60M | 3.011M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 21239 | $6.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.16 | 9771 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$6.16 |
Change
-0.100 ( 1.94 %) |
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| Open | High | Low | Volume | ||
| $6.24 | $6.24 | $6.13 | 894887 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| LYC (ASX) Chart |