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
$6.40 |
Change
0.000(0.00%) |
Mkt cap ! $5.982B |
Open | High | Low | Value | Volume |
$6.47 | $6.48 | $6.34 | $20.28M | 3.161M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 12848 | $6.39 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.40 | 17965 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 3600 | 6.360 |
1 | 15000 | 6.350 |
2 | 260 | 6.340 |
3 | 4563 | 6.330 |
4 | 8665 | 6.310 |
Price($) | Vol. | No. |
---|---|---|
6.400 | 10000 | 1 |
6.410 | 24000 | 1 |
6.420 | 203 | 1 |
6.450 | 3291 | 2 |
6.480 | 2100 | 2 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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LYC (ASX) Chart |