Australia's largest stock trading and investment forum Australia's #1 stock forum

LYC

Click for more information

0.39%

$6.38 lynas rare earths limited

AmericanBulls also says "Stay...

First 2182 Last

Share
Profile

Follow
Neoarchean

2,506 Posts.

511

01/10/19

04:22

Post #: 40650961
Share
Originally posted by Medicine Man: ↑

A strong day for LYC closing 8c up or 3.04%. The SP went North from the word get go. The day traders pushed one last time at 2:02PM to today's high of 2.75 before selling to close their positions. Gradually falling to 2.70.

A large iceberg order at 2.70 has put a floor on the SP in the afternoon. At one stage there were 38 buyers queuing behind it. The buying interests have come back since the SP bounced up from the new trend line yesterday.

LYC is now looking much healthier:
Today's strong green candle pushed the SP back into the uptrend channel.
It flipped the short and long term Stochastic indicators to cross upwards, plus the MACD is now above 0, uptrend resumes with conviction!
The recent low of 2.59 redefined the uptrend channel with a shallower angle. Having SP bounced up from lower trend line, it always attracts those investors who want to "buy the dips".
Today's peak punched through the midtrend line which is another positive.
Now it's well cleared of the 61.8% Fibonacci, the next target is 78.6% Fibonacci at 2.86.
The original projected point of exit from the pennant formation around 08-Oct-2019 (green flag) is still doable.

Expand

AmericanBulls also says "Stay Long":

https://www.americanbulls.com/SignalPage.aspx?lang=en&Ticker=LYSDY
LYC Price at posting: $2.71 Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

RCE

Recce scores US$2M deal from US Department of Defense for burn wound infections gel

ARN

Aldoro shares jump 47% on news of strong niobium recoveries from Namibia play

Bitcoin investors need to know the risks

There are more pages in this discussion • 87 more messages in this thread...

First 2182 Last

Add LYC (ASX) to my watchlist

(20min delay)
Last $6.38		Change -0.025(0.39%)		Mkt cap ! $5.954B

Open	High	Low	Value	Volume
$6.46	$6.47	$6.36	$12.68M	1.983M

Buyers (Bids)

No.	Vol.	Price($)
48	25024	$6.37

Sellers (Offers)

Price($)	Vol.	No.
$6.38	30399	39

View Market Depth

No.	Vol.	Price($)
45	24904	6.370
36	34785	6.360
17	31208	6.350
12	32490	6.340
9	81787	6.330

Price($)	Vol.	No.
6.380	32567	37
6.390	24179	15
6.400	47840	22
6.410	25982	13
6.420	87136	12

Last trade - 14.19pm 15/07/2024 (20 minute delay)

LYC (ASX) Chart

SPONSORED BY