LYC survived selling pressure and closed at 2.72, up 1c or 0.37% today.
It was initially sold down to 2.66 at 10:45AM which accounted for 1/4 of the days' total volume. Then 2 iceberg orders at 2.66 and 2,67 provided a floor. It looks like these are keen buyers who are hungry for the stock at a good price. They have been accumulating a massive quantity in the last few days. The SP redeemed itself and made today's high of 2.73 at 1:50PM. It softened a bit while waiting for the RBA announcement of interest rate at 2:30PM. One a cut of 25 basis point was announced, the market sentiment improved and it closed with a gain of 1c.
Today's SP made a green candle with long tail as it survived the selling pressure. Therefore it is another good sign.
What to watch for:
- After yesterday's big green candle, the SP might take a breather.
- Next few days could be in narrow trading range.
- Direction largely influenced by the ASX200 index in the absence of any news.
- These are all healthy signs as it needs to consolidate to gather strength to crack the midtrend line and the downtrend line.
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LYC survived selling pressure and closed at 2.72, up 1c or 0.37%...
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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 |