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.
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Last
$6.06 |
Change
0.140(2.36%) |
Mkt cap ! $5.664B |
Open | High | Low | Value | Volume |
$6.02 | $6.12 | $5.97 | $11.52M | 1.904M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 12791 | $6.04 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.07 | 13019 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 14538 | 6.000 |
2 | 134 | 5.960 |
1 | 100 | 5.920 |
2 | 10167 | 5.900 |
2 | 10033 | 5.890 |
Price($) | Vol. | No. |
---|---|---|
6.070 | 3000 | 1 |
6.100 | 7705 | 1 |
6.110 | 3000 | 1 |
6.120 | 7365 | 4 |
6.130 | 3000 | 1 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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LYC (ASX) Chart |