LYC had a good day today closing 4c up or 1.56%.
Major positives:
- It has broken above the 50% Fibonacci retracement level of the recent downtrend.
- It has successfully re-tested and bounced up from the short term downtrend line (orange dotted).
Things to watch:
- In the last 16 trading sessions, only 3 closed above the middle of the uptrend channel (purple dotted), so the trend is not not as strong as you wish.
- Now it is only 1 month into the 6-month license from 15-Aug-2019, there could be knee-jerk reactions to minor unfavourable news in the next 5 month or until a PDF agreement is announced. The SP could consolidate around the current level. In the same breath, good news on PDF could come any time especially the 6 month license conditions seem to have some timing inputs from AL. Therefore a PDF deal secured in this time frame is very doable! The SP could explode any time. DYOR.
Today's chart & trading, page-2152
-
- There are more pages in this discussion • 117 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.92 |
Change
-0.020(0.29%) |
Mkt cap ! $6.468B | |||
| Open | High | Low | Value | Volume |
| $6.95 | $6.97 | $6.87 | $16.72M | 2.418M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5820 | $6.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.93 | 15020 | 3 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| LYC (ASX) Chart |