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
$6.92 |
Change
-0.020(0.29%) |
Mkt cap ! $6.468B |
Open | High | Low | Value | Volume |
$6.95 | $6.97 | $6.87 | $16.72M | 2.418M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5820 | $6.92 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.93 | 15020 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 6.840 |
1 | 430 | 6.820 |
4 | 2400 | 6.800 |
1 | 30 | 6.760 |
2 | 3400 | 6.750 |
Price($) | Vol. | No. |
---|---|---|
6.950 | 1000 | 1 |
6.970 | 599 | 1 |
6.980 | 15330 | 3 |
7.000 | 10409 | 3 |
7.010 | 2200 | 1 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
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