Last Friday and this Monday LYC tracked sideways as profit takers were still in action as mentioned. Any rise got sold down very quickly. Today is a much better day closing up 5c or 1.92%. It opened at 1c better then the buyers moved in and and held the SP at around 2.65 from 10:30AM onward for the rest of the day.
Points to note:
- Yesterday it tested and bounced up from the lower trend line - phew!
- Today it broke above 61.8% Fibonacci level at 2.63 - good.
- If it could break above the mid trend line, that would be even better.
- In the meantime the uptrend continues in a pennant formation.
- 1st projected crossing of pennant through upper trend line is missed today.
- 2nd projected crossing on or before 8-Oct-2019 is still possible for as long as the SP stays inside the uptrend channel.
What to watch:
- Scomo's visit to the US might have a positive surprise which could boost the sentiment.
- If the SP drops out of the uptrend channel, it is likely to re-test the 50% Fibonacci level at 2.47.
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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 |