Good afternoon BB,
Looking at the weekly chart, LYC peaked in May and Aug. Both times the volume dropped off during the V-shaped recovery. It's more gradual this time because of less volatility. Furthermore, the SP has been fighting to get above the 61.8% Fibonacci in the last 4 weeks. According to some experts, they advise people not to trade when SP is close to support/resistant/Fibonacci levels. Therefore more and more investors were going into wait-and-see mode. There are lots of psychology involved in trading. Our mine is our best friend and biggest enemy.
These are my thoughts and I welcome discussions.
Happy trading ...
Good afternoon BB,Looking at the weekly chart, LYC peaked in May...
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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
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |